- XRP has surged past $1.26, boosted by Trump’s crypto-friendly stance.
- Ripple’s ongoing legal battle with the SEC remains a key market driver.
- Analysts predict ambitious price targets, keeping the market on edge.
In the ever-volatile world of cryptocurrencies, few assets capture attention like XRP . After a tumultuous few years, XRP’s value has soared past $1.26, sparking both excitement and skepticism among investors. The rally coincides with renewed optimism over pro-crypto policies under President-elect Donald Trump, reigniting hopes for regulatory clarity.
Yet, as optimism spreads, XRP’s legal entanglements with the U.S. Securities and Exchange Commission (SEC) remain unresolved. Ripple’s battle with the SEC has reshaped the market, creating both uncertainty and opportunity. Could this be the moment XRP holders have been waiting for, or is the market reading too much into Trump’s crypto-friendly stance?
What the SEC Ruling Means for XRP’s Future
XRP’s resurgence can be partially attributed to the SEC’s 2023 ruling, which stated that XRP is not a security when sold to retail investors on exchanges. However, the SEC’s subsequent appeal has left the case far from closed. January 15, 2025, marks the next critical legal date, keeping investors in limbo.
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Legal experts suggest that Ripple may negotiate a settlement or reduced penalties under a pro-crypto SEC chair, a possibility fueled by reports of Trump considering Brian Brooks for a key role. Ripple CEO Brad Garlinghouse remains confident, expressing optimism that regulatory clarity will unlock the U.S. market’s untapped potential.
“Crypto embraced Trump,” Garlinghouse told Fox Business, adding, “The market is finally moving past the unlawful war against crypto.” The pro-XRP sentiment extends to ETFs. Notable lawyer Jeremy Hogan predicts an XRP ETF approval by mid-2025, a development that could open floodgates of institutional investment.
XRP’s Dip to $1.10: Is the $2 Mark Still in Reach?
XRP’s price has corrected to $1.10 after hitting $1.26, with analysts watching the $1 support level closely. Despite the correction, market sentiment remains bullish. If XRP maintains support above $0.785, the next target is $2, a crucial psychological barrier.
Seasoned analyst Casi Trades recently highlighted XRP’s strong momentum, tweeting, “Exciting times ahead, but a reminder to avoid chasing price action. Long-term outlook remains $8–$13.” While short-term divergences in the Relative Strength Index (RSI) suggest a potential pullback, the long-term narrative remains promising.
On the Flipside
- XRP’s legal uncertainty still deters institutional investors despite optimism surrounding Trump’s presidency.
- Analysts warn of bearish momentum if XRP breaks below $0.785 support.
- SEC’s January 2025 appeal hearing could delay market clarity for XRP.
Why This Matters
XRP’s price movement is emblematic of the broader crypto market’s potential under favorable regulatory conditions. Ripple’s legal battle could set critical precedents for cryptocurrency classification, while an ETF could redefine institutional involvement. For investors, XRP remains a must-watch token.
Ripple’s CEO has faced backlash following his comments about promoting XRP alongside CBDC initiatives. Explore the controversy surrounding his stance, read here:
Ripple CEO’s Move to “Shill XRP and CBDC Implementations” Faces Criticism
Binance’s decision to halt XRP withdrawals has raised questions and concerns among the crypto community. For a closer look at what led to this move, read here:
Binance’s XRP Withdrawal Halt Raises Eyebrows: What Happened?
