XRP is on an impressive rebound, rising more than 10% within 24 hours. For the first time in six years, the digital currency broke the $3 mark, which has significantly fueled optimism among investors. With an all-time high (ATH) of $3.40 within reach, XRP seems poised for a new milestone.
American political developments as a catalyst
The strong rise of XRP appears to be the result of a combination of favorable circumstances. American political developments in particular play an important role. The inauguration of Donald Trump on January 20, 2025 is seen as a possible turning point for the crypto market. There is speculation that Trump will take a more crypto-friendly course, which could help drive broader adoption and regulation of digital assets.
This optimism has caused a chain reaction among XRP investors. On the one hand, the legal battle between Ripple and the US Securities and Exchange Commission (SEC) is expected to come to an end more quickly, thanks to the appointment of Paul Atkins as the new SEC chairman. In addition, hopes are growing for the approval of an XRP Spot exchange-traded fund (ETF), which could have a significant impact on the price.
What’s next for XRP?
The question on many minds is where XRP will go next. After years of setbacks, the path seems clear under a Trump administration for XRP to realize its full potential. From a technical point of view, it looks promising: XRP has shown a bull flag breakout, which usually indicates a continuation of the uptrend.
According to Crypto Times analyst Adrian, the price could potentially rise to $4.16 in February 2025, representing a gain of almost 33% from its current value. The analyst also sees potential for a bigger increase to $13, which would result in an impressive gain of 314%.
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Source: https://newsbit.nl/xrp-koers-stijgt-explosief-met-10-analisten-voorspellen-groei-naar-13/
