The price of XRP is rising as the entire cryptocurrency market is poised to rise

The price of XRP has risen by 41.5% since the beginning of the year, today regaining its position as the third largest cryptocurrency. With several tailwinds lined up behind US cryptocurrency companies like Ripple, the price of XRP is ready to take flight.

The price of XRP reached $2.96 on January 15, 2025, marking its highest level since December 2024. With the market cap now exceeding $167 billion, XRP now trails only Bitcoin and ETH in the market. BNC market cap table.

XRP has risen to the top of the market cap table, overtaking Tether. source: BNC

XRP overtook Tether USDt, which fell to fourth place with a market capitalization of $137 billion. The sudden rise of XRP This is attributed to Ripple Labs’ key partnerships, and new product launches like them Stablecoin RLUSD, Ripple tokenization initiativesPossible approval of A Spot XRP ETFAnd the highly anticipated resignation SEC Chairman Gary Gensler.

All of the above are important factors, but the most important factor is the incoming Trump administration, which has promised to be the most important Crypto-friendly management in history.

XRP price reaches $2.96, up 10% in 24 hours, approaching all-time high, source XRPLX

Trump to issue pro-crypto executive orders on day one

In addition to asking the SEC to pause all cryptocurrency prosecutions while the SEC reforms its crypto policy, Trump is expected to move quickly As follows:

• Crypto moves on day one: Executive orders could lift or ease crypto regulations immediately.
• Reversing Biden-era policies: A controversial accounting rule that forces banks to treat digital assets as liabilities may be scrapped.
• Promoting innovation with artificial intelligence: Biden’s executive order on artificial intelligence, which has been criticized for stifling innovation, may be rescinded.
• Pay crypto freedom: Expect efforts to reduce compliance burdens that have hindered startups and innovation.
• Reform federal oversight: The administration aims to provide a single, clear regulatory framework for cryptocurrencies.
• Regulatory clarity: Uncertainty over implementation has led to cryptocurrency volatility – clarity can lead to market stability.
• Approval of XRP exchange-traded fund: With Bitwise Spot XRP ETF application Under implementation, likely to be approved by early 2025.
• Bitcoin Strategic ReserveA bold proposal to create a national bitcoin reserve could emerge early, positioning the United States as a leader in the digital economy. Using Bitcoin as a hedge against monetary instability could significantly boost this move Bitcoin price And the impact on market expectations in 2025.

Collectively, these developments provide strong upward momentum for the entire cryptocurrency market, with Ripple and Ripple price Among the main beneficiaries.

Trump will make pro-crypto ads on day one, source Washington Post

American encryption first

Due to Trump’s power America First policyUS-based cryptocurrency companies are better positioned to perform well over the next four years. As a proud American company with a large footprint in the USA, Ripple Labs is poised to be at the forefront of the cryptocurrency revolution in the US under the pro-crypto Trump administration.

It was Ripple Labs CEP Brad Garlinghouse Meeting in private With Trump at Mar-a-Lago to discuss US cryptocurrency policy. Under Garlinghouse’s leadership, Ripple is taking significant steps to strengthen its position in the US. The company recently received final approval from the New York Department of Financial Services (NYDFS) for its stablecoin, RLUSDIt is linked to the US dollar. This milestone is expected to strengthen Ripple’s digital payment platform, broaden its appeal and enhance the utility of XRP as part of its ecosystem.

In addition, Ripple’s leadership has dealt directly with the incoming US administration. CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderotti recently met with President-elect Trump, signaling potential collaboration in shaping a supportive regulatory environment for digital assets. Garlinghouse announced a strategic shift in Ripple operationsInfluenced by what he calls “Trump effectHe revealed that 75% of Ripple’s current jobs are now in the US, a sharp shift from previous years when most hirings were international. This pivot reflects expectations of pro-crypto policies under the new administration, which Garlinghouse believes will drive innovation. And job creation in the United States.

Brad Garlinghouse and Trump meet at Mar-a-Lago, Source: X

Ripple’s renewed local focus is evident in its deal-making activity. In the last six weeks of 2024, Ripple signed more agreements in the US than in the previous six months combined.

This represents a dramatic shift from years past, when Ripple considered moving its global headquarters due to regulatory challenges. At its peak, 95% of Ripple’s customers were based abroad, underscoring the impact of the SEC’s regulatory stance under former Chairman Gary Gensler. Garlinghouse criticized the SEC to stifle Ripple’s domestic growth, but he expressed optimism that the new management will foster a more favorable environment for blockchain and cryptocurrency businesses.

Ripple’s strategic pivot is part of its broader plan to reinvest in the US market, particularly in engineering and product development roles. Analysts see this shift as a reflection of renewed optimism among blockchain companies about the future of cryptocurrency innovation in the United States.

The market has already taken into account these bullish developments and continues to price in XRP is higher and higher. XRP has overtaken Tether in terms of market cap, and XRP has overtaken it as well Transgression BlackRock, the world’s largest asset manager, has a market capitalization of $149 billion.

Technical analysis of XRP price 2025

XRP made a remarkable comeback in early 2025, rebounding more than 30% from its monthly low to reach $2.89 on January 15, the highest price in six years. An all-time high for XRP is now on the horizon. This momentum has been fueled by pro-crypto policy expectations from President-elect Trump, who will take office on January 20, and predictions that an XRP exchange-traded fund could attract $4 billion to $8 billion in new assets.

The current surge in XRP prices corresponds to the large accumulation of whales holding between 1 million and 10 million tokens. Analysts suggest that XRP could rise to $4 to $5 in the short term, with some optimistic targets reaching $27 by the end of 2025.

Technically, XRP is showing strong growth indicators, with a bull flag pattern breaking out after a 105% rally in late 2024. However, a relative strength index (RSI) of 79.5 indicates that the token is in overbought territory, which could lead to Short term corrections. Or unifications.

Chartist Dark Defender It highlights a “confirmed uptrend breakout” on XRP’s monthly chart, paralleling the 2017 bull market when it surged 1,022%. The analyst expects XRP prices to rise to $10.23 and even $18.23 in the near term, based on Fibonacci retracement levels from the 2017 high. Whether XRP goes to the moon, or to Mars, both options are on the table in 2025.

source: Dark Defender via X

While the price forecast for Ripple’s XRP token in 2025 is very bullish, with fundamental and technical factors aligned, the cryptocurrency remains vulnerable to market volatility. Investors are encouraged to conduct thorough research before making any trading decisions. However, it is clear that Current bullish setup for XRP price It is the strongest since the 2017 cryptocurrency bull market. The price of XRP is expected to rise throughout 2025. New XRP is ever possible. Act accordingly.