Rippleโs XRP token has been on a roll, outperforming the top 10 projects by market cap. ๐ฅ The asset had a stellar year in 2024, breaking past the $2 mark for the first time in nearly seven years! This followed Rippleโs monumental settlement with the SEC, where they agreed to pay a $125 million fine.
Currently, XRPโs performance looks like this:
10.5% up on the daily charts ๐
5% increase weekly ๐
A whopping 274.8% growth since January 2024 ๐
However, even with the bullish trend, the token faced a slight 9.1% correction last month.
Why Is XRP Rallying?
The cryptocurrency market is recovering after a recent correction. Bitcoin (BTC) has reclaimed the $95,000 mark after briefly dipping below $93,000. This market resurgence has provided a much-needed boost to XRP.
But thereโs more to the story! XRPโs rally is also fueled by political developments. With Donald Trumpโs inauguration as U.S. President just weeks away, many investors are anticipating an extended bull run under his leadership. Historically, Trumpโs policies have been bullish for markets, and XRP seems to be riding this wave. ๐
AI Predicts XRPโs Price ๐
According to CoinCodex, XRP is projected to hit $2.54 by January 20, 2025, which would represent a 7.63% rally from current levels.
But the real excitement begins after Trump takes office! ๐ CoinCodex predicts XRP will reach $4.63 by March 19, 2025โa stunning 96.19% rally! And thatโs not all. With market momentum and potential approval of WisdomTreeโs spot ETF, XRP could breach the $10 mark in the near future. ๐
Whatโs Next for XRP?
The assetโs future looks bright. With the combination of market recovery, Trumpโs leadership, and possible ETF approvals, XRP might just be on the brink of a historic bull run.
If youโre an XRP enthusiast, itโs time to buckle up! ๐ This ride is going to be exciting.
What do you think? Could XRP hit $10 this year? Let me know your thoughts! ๐ฌ