XRP Price Approaching All Time High (ATH), This Is According to Experts!

Bittime - XRP Price in 2025 it will skyrocket significantly, now it is even 1 XRP reached $3 almost matching its ATH of $$3.84. What do experts predict?

XRP is Getting Closer to All Time High (ATH)

According to a Fortune report, XRP, which is the third largest crypto asset, is getting closer to a new all-time high (ATH). Patrick Liou, head of institutional sales at crypto exchange Gemini, stated that the recent surge in XRP prices was driven by widespread expectations that President-elect Trump would fulfill the pro-crypto promises he made before the election. Liou hopes to see support from the Trump administration for a crypto-friendly regulatory framework.

Read too How to Buy XRP (XRP)

XRP's Journey Past $3

After breaking through the $3 mark, XRP surged as high as $3.35 on Thursday, nearing its ATH. Fortune notes that the crypto industry differs from the stock market in that there is no consensus on what constitutes an ATH. For example, the ATH price of XRP is set on Binance at $3.84, while Coingecko lists it at $3.40.

These Are The Factors Causing XRP to Skyrocket

Liou also identified several factors that drive the price of XRP. He believes that the current surge is fueled by hopes that the US SEC's lawsuit against Ripple and XRP will be dropped under the Trump administration. David Duong, head of institutional research at Coinbase, added that many people are “reading the signs” about what will happen in the new regulatory environment.

XRP ETF Increasingly Likely

Monica Long, president of Ripple, told Bloomberg on January 7 that speculation regarding the approval of an XRP ETF by the US SEC in the near future has helped increase market confidence in XRP's performance.

Liou also highlighted Trump's "openness" to a strategic reserve that prioritizes digital assets created in the US, such as USD Coin, XRP, and Solana, as another key factor. A strategic reserve of XRP will solidify this asset as a store of value and increase its price. However, Fortune has not been able to verify this rumor based on anonymous sources.

Ripple CEO and Trump Have Met

Ripple CEO Brad Garlinghouse has also met Trump at least once, indicating that Ripple has a direct communication channel with the incoming administration, further fueling interest in XRP.

Ripple's Decision to Support Trump in the 2024 US Presidential Election

Ripple's decision to support Trump appears to be bearing significant fruit. Ripple's total XRP holdings have surged in value, adding nearly $125 billion since last year's US election. XRP, which was trading at $0.50 ahead of the election, has now reached the ATH level. 

The total value of Ripple's XRP stash now stands at $146.48 billion, up from $21 billion in November 2024.

This incredible surge shows how much profit US crypto companies will gain from Trump's re-election. The XRP rally also explains why Ripple is enthusiastically supporting Trump's presidential candidacy.

XRP's rise can be partly attributed to Ripple's aggressive campaign plans to influence the November 2024 elections and change crypto policy. 

Read too Today's XRP Price Rises to IDR 54,000, It's Too Late to Buy XRP

Ripple and the Crypto Community Struggle to Fight Crypto-Unfriendly Regulations

Last year, Ripple, along with Andreessen Horowitz and Coinbase, led a $300 million super PAC in hopes of reversing crypto's hostile regulatory environment. This initiative made the crypto industry one of the main power centers in Washington and appeared to change the fate of XRP. 

This successful campaign saw almost all the candidates backed by crypto PACs win their seats.

Conclusion: The US Government is Allegedly Pro-Crypto

The incoming administration appears poised to change its stance on the previously questionable legality of XRP. Crypto companies have been lining up for support from the incoming administration ahead of Trump's inauguration. 

They have contributed millions of dollars to Trump's inauguration fund, with Ripple donating $5 million, more than any other donor.

FAQ

1. What caused the XRP price to skyrocket near ATH? 

XRP prices are rising on hopes that the new administration under President-elect Trump will support pro-crypto regulations and a possible withdrawal of the SEC lawsuit against Ripple.

2. What are the predictions regarding the XRP ETF? 

Speculation regarding the approval of an XRP ETF by the US SEC is increasing, which is increasing market confidence in XRP's future performance.

3. How will Ripple's support impact Trump? 

Ripple's support of Trump appears to be paying off, with Ripple's total XRP holdings surging by nearly $125 billion since the election, indicating huge potential gains for the crypto company under the incoming administration.

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Reference

Collins J. Okoth, Ripple’s XRP leads top 50 assets in YTD gains, Accessed January 18, 2025

Author: IN