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XRP has recently seen price fluctuations around the $2.40 mark, indicating a tug-of-war between bullish and bearish forces. Despite a significant $40 million outflow from XRP's spot market in the past two days, traders remain optimistic, betting on a continued rally.
Ripple CEO Brad Garlinghouse has highlighted the positive impact that Donald Trump's victory has had on Ripple's business. Garlinghouse also referenced the “Trump bull market,” which undoubtedly provides a bullish outlook for coins like XRP.
John Deaton, a well-known pro-XRP lawyer and advocate for the cryptocurrency industry, has offered to spearhead an investigation into the alleged “Operation Choke Point 2.0,” a supposed initiative aimed at restricting cryptocurrency companies from accessing traditional banking services.
XRP is currently trading at $2.37, having declined by 3.7% in the last 24 hours. Its market capitalization stands at $136 billion, with a daily trading volume of $4.58 billion. The price fluctuated between $2.34 and $2.46 over the past day, and it remains 30.1% below its all-time high of $3.
With a price of $2.37 per coin, XRP is now more of a threat to Ethereum (ETH) than most people think. To surpass Ethereum's market capitalization, XRP would need to reach $4.36, which is an increase of 83.4%.
Operation ChokePoint, a government initiative to reduce certain businesses' access to banking services, is getting renewed attention. The initiative, launched in 2013, aims to restrict traditional banking's access to the crypto industry.
David Schwartz, Ripple's CTO, says that airdrops in the cryptocurrency space, especially the tax consequences, could be tricky for recipients. He addressed the concerns of the XRP community and gave an honest review of how reward systems are usually set up.
XRP price fell as low as $2.30 on Sunday, January 5, down 7% within the 24-hour timeframe. Recent trading data shows that XRP is witnessing intense sell-side pressure.
Ripple's consolidation within the $2-$3 range reflects a period of indecision in the market, with a breakout above $3 paving the way for a sustained bullish trend. Its next significant trend depends on the potential direction toward which the range would break out.
XRP rises 10.2% this week amid optimism around the Ripple-SEC case. Explore XRP price analysis, key resistance at $2.50, and potential regulatory shifts. The post XRP Up 10.2% This Week: Price Analysis appeared first on Cryptonews.
XRP has continued to gain steam in South Korea, leaving Bitcoin and Dogecoin behind. The token's performance did not start in the new year, bringing its momentum from last year, when it became the go-to option for South Koreans.
Stuart Alderoty, chief legal officer at Ripple, has opined that the Federal Deposit Insurance Corporation (FDIC) tried to send "shockwaves" throughout various banks with its intimidating letters.
After failing to breach the crucial resistance level around $2.48, XRP suffered a serious setback. After strong performance in late 2024, the asset was trying to consolidate its bullish momentum when this rejection occurred.
The cryptocurrency market seemed to be in its recovery phase over the past week, with most large-cap assets recording significant gains to close the week. Specifically, the XRP price performance was the cream of the crop, with the altcoin showing strong signs of resurgence.
There's a new pro-crypto US government in Washington. Ripple enjoyed a parabolic rally in December.
XRP, the fourth largest cryptocurrency by market cap, no doubt has kicked off the year 2025 on a strong note, recording a significant surge in transaction volume at 2025's start.
XRP experienced a significant bullish surge in early 2025, with analysts predicting its potential rise in the worst-case scenario to $7 and even as high as $20 by the end of the year. As of now, XRP is priced at $2.41, showing a steady increase of 9.71% over the past week and a 0.69% rise in the last 24 hours.
XRP is slightly in the red today, though.
XRP has seen an impressive recovery in early 2025, with its price climbing to $2.45, triggering widespread optimism within the crypto community. Analysts are particularly focusing on the role Bitcoin dominance (BTC.D) plays in determining XRP's price movements in the coming months.
Ripple's XRP is currently down by more than two percent and is trading below the critical $2.40 level. For XRP to maintain its upward momentum, it must hold above current support levels, particularly the $2.29 mark. Keep in mind that XRP, like many major altcoins, often follows Bitcoin's price action.
XRP price hinges on SEC's January 15 court deadline; a withdrawal could ignite ETF approvals, while an appeal risks intense selling pressure.
XRP price has recorded a strong rally over the past few months, especially after Trump's win has fueled market optimism. Adding to the excitement, a top market expert recently shared a bullish forecast for Ripple's native crypto, predicting a potential surge to $11.
XRP, the native token of Ripple Labs, seems to be gaining significant attention from crypto enthusiasts as it has formed a bullish price action pattern on its daily time frame.
XRP has surged by double-digits on the charts and this hike might take XRP places.
