XRP Price Today Rises to IDR 54,000, Is It Too Late to Buy XRP?

Bittime - XRP price today rises significantly to reach IDR 54,000. One of the things driving this increase is the possibility that Donald Trump will establish a reserve of asset-based cryptos such as XRP and Solana.

This increase was also triggered by speculation that the US SEC under new leadership will stop legal action against Ripple and XRP. Read this article to find out more!

XRP Price Today Rises

Source: Bittime.com

Based on the Bittime market, the price of XRP today rose up to 4.79% in the last 24 hours and is currently trading at IDR 54,483 or around $3.32.

Meanwhile, XRP recorded an increase of more than 30% in the past week to become one of the strongest large-cap crypto assets in the crypto market today.

Read Also: XRP Price Analysis is Stable Even though the Crypto Market is Crashing 

XRP Price Today Rises: Support from Donald Trump

Sone of the reasons why the price of XRP is rising today is dsupport from Donald Trump which has the potential to make XRP the main choice for institutional investors. 

There is also speculation that Ripple could be mentioned in Trump's inauguration speech on January 20, although US Congress' approval of a crypto reserve that includes altcoins such as XRP remains in doubt.

However, with the potential leadership of pro-crypto Paul Atkins, the SEC may stop all legal action against Ripple. In fact, there is a possibility that the SEC will approve a spot XRP ETF.

XRP Price Today Rises: Is It Too Late to Buy XRP?

With the price of XRP rising significantly today, is it too late to buy XRP? Some analysts say that although XRP still has long-term potential, new investors may be better off waiting for a price correction.

XRP price prediction for jlong numbers are quite positive, with many predicting XRP could reach the $10 level by 2025.

Read Also: XRP Price Prediction to Increase in 2025, Here's the Reason! 

XRP FAQs

What is XRP and what is its use?

XRP is a digital asset created by Ripple Labs and designed to facilitate cross-border payments. XRP blockchain technology enables transactions in just a few seconds with very low fees making it ideal for international money transfers and micropayments.

What is the Difference Between XRP and Other Cryptocurrencies Like Bitcoin?

XRP supports a cross-border payment system with a focus on speed and cost efficiency, different from Bitcoin which functions more as a store of value and investment tool. In addition, XRP uses a consensus mechanism that does not require mining so it is more energy efficient.

How much is 1 XRP USD?

Currently, 1 XRP is worth $3.31 according to Coinmarketcap. 

How to Buy Crypto with Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the world of crypto.

Reference

Crypto Daily, XRP Price Soars On US Ripple Reserve Asset News: Is It Too Late To Buy Now?, accessed January 17, 2025.

Coinmarketcap, Coinmarketcap XRP Currency, accessed January 17, 2025.

Author: IPR