Ripple’s XRP has reached $3, a price level last seen in 2018, following a 16% surge on January 15, 2025.
The rally comes amid growing optimism about potential regulatory changes and a recovering cryptocurrency market.
Analyst Projections
Market analyst EGRAG Crypto predicts XRP could rise to $6.4, citing strong momentum and community support.
The price rebounded from a $2.88 support level, signaling bullish sentiment. Technical indicators like the Moving Average Convergence Divergence (MACD) show growing strength in XRP’s upward movement.
Market Conditions
The broader crypto market also saw gains, with Bitcoin reclaiming the $100,000 mark and reaching a $2 trillion market cap. XRP outperformed many assets, benefiting from increased investor confidence.
Regulatory changes under Donald Trump’s administration are also fueling optimism. Reports suggest Paul Atkins, the potential new SEC chair, may review ongoing crypto lawsuits, including Ripple’s case with the SEC. However, Senate approval for Atkins is pending, leaving regulatory outcomes uncertain.
Ripple’s Standing
XRP’s market cap has risen to $171.5 billion, solidifying its position as the third-largest cryptocurrency behind Bitcoin and Ethereum. Experts believe sustained market recovery and favorable regulations are key for XRP to hit the $6 target.
Investors remain hopeful as the crypto market continues its recovery. Key developments, including regulatory updates, will likely influence the next phase of XRP’s price movement.
