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Bitcoin's recovery to $100,000 is likely to be met with strong resistance, but if the bulls prevail, the next stop is near $108,300.

XRP surged to $2.90 Wednesday morning, leading the overall crypto markets in gains. This comes as whales are stacking the token amid optimism for an XRP ETF product, according to data tracked by Santiment.

XRP is steadily gaining strength as its price nears the critical $2.9 resistance level, sparking excitement in the market. The surge represents a significant shift in market dynamics, with XRP showing signs of resilience and a potential breakout on the horizon.

XRP hits $3 for the first time since 2018, experiencing a remarkable 14.45% surge amid heightened market activity and anticipated SEC legal developments. The token's trading volume soars 154.53%.

Why XRP Is Skyrocketing Today

XRP nearly touched a price of $3 on Wednesday morning, hitting a mark not seen since 2018 as meme coins on XRP Ledger saw a resurgence.

Ripple's native cryptocurrency XRP hit $3 shortly after reports surfaced that the incoming Trump administration's SEC may ease select digital asset lawsuits. Ripple (XRP) surged over 16% during U.S. trading hours on Wednesday, Jan.

Ripple's XRP has surged to a crucial $3 mark, a price not seen since 2018, marking a major milestone for the token. The coin is up more than 15% in the last 24 hours, continuing a rally that started after a recent pullback.

Hard to say investors in Ripple-linked XRP care about the news. The XRP price has gained nearly 16% in the past day, according to CoinGecko data.

The United States reported a higher-than-expected Consumer Price Index (CPI) for December, showing a monthly increase of 0.4% after seasonal adjustment, surpassing the forecast of 0.3%. The annual CPI rate climbed to 2.9%, the highest since July 2024, marking its third consecutive monthly rise.

Kaum eine Kryptowährung stand in den vergangenen Jahren derart unter Beschuss vonseiten der amerikanischen Regierungsbehörden wie Ripple. Dessen Coin XRP sei ein Wertpapier und daher von Beginn an genehmigungspflichtig gewesen, argumentierte die amerikanische Wertpapieraufsicht SEC.

Bitcoin (CRYPTO: BTC) is eyeing a march toward the $100,000 mark following CPI data that aligned with market expectations. What Happened: The report has rekindled optimism across markets, with the S&P 500 index – as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY) – gaining 1.7%.

XRP has gained nearly 30% in the past week alone.

The analysis by JPMorgan highlights the strong growth potential of exchange-traded products (ETP) linked to XRP and Solana (SOL), digital assets that could attract between 3 and 8 billion dollars of investments.

Like sirens, the promises of a crypto ETF attract whales. Result: XRP jumps and makes dreams come true.

XRP investors are celebrating today, as the digital asset has surged to a value of $2.89. This is the highest point it has been at since last December, making XRP the third-biggest cryptocurrency by market capitalization.

The U.S. Securities and Exchange Commission (SEC) might be on track to freeze non-fraud cryptocurrency cases that are pending in the courts, according to a recent report by Reuters. Some of these cases might end up being dropped, according to anonymous sources cited by the outlet.

XRP's market cap has climbed to the 3rd spot among top cryptocurrencies by market cap and surpasses asset manager BlackRock.

XRP's market cap has climbed to the 3rd spot among top cryptocurrencies by market cap and surpasses asset manager BlackRock.

XRP scheint aktuell kaum zu stoppen. Während Bitcoin und die restlichen Top-10-Kryptowährungen in den letzten Tagen herbe Verluste einstecken mussten, konnte XRP seinen Wert halten und sogar um einige Prozentpunkte ausbauen.

XRP has recently broken through its month-long resistance at $2.73, a move that positions the altcoin for a potential new all-time high (ATH).

XRP, the native token of Ripple Labs, appears bullish and has successfully confirmed its breakout. On January 11, 2025, XRP broke out of a bullish flag and pole price action pattern. However, due to market uncertainty, it experienced a minor correction but managed to hold above the breakout level of $2.40.

On Wednesday, XRP climbed to an intraday peak of $2.895 and, as of press time, is trading at $2.87 per unit, reflecting an increase of nearly 12% over the past 24 hours. The crypto asset is steadily narrowing the gap with ethereum (ETH), now accounting for 42.6% of ether's market capitalization.

XRP, the third-largest cryptocurrency by market capitalization, has experienced a notable surge in recent days, climbing over 12% within a 24-hour period. As of now, the token has reached $2.87, marking its highest price since December 3, 2024.