This outstanding surge in value not only solidified XRP‘s position as the third largest digital currency in terms of market cap, but it also attracted a great deal of interest, even outshining Bitcoin in worldwide Google search popularity.
A Historic Milestone: XRP Hits $3
2025 has seen XRP increase significantly, with a jump of more than 47% since its start, reaching above $3 but stabilizing at $3.10. In the last week alone, it spiked approximately 35%, demonstrating XRP’s resilience in the volatile crypto market. This rise is largely attributed to several factors by analysts: positive sentiment surrounding the Ripple case, accumulation by institutions, and speculations about potential regulatory changes from the new administration.
Currently, XRP’s price is approximately 12.9% lower than its record high of $3.40, which it reached in January 2018. Taking inflation into account, the token needs to exceed $4.24 to reach a new all-time high, as per Alex Thorn, the head of research at Galaxy Digital.
XRP Overtakes Bitcoin in Search Interest
Based on Google Trends statistics, XRP searches have surpassed Bitcoin’s today, specifically on January 15. This is the third occasion in the last year that XRP has taken the lead in global search volume. The surge of interest suggests growing investor trust in this cryptocurrency, as it maintains its advantage over prominent cryptocurrencies like Bitcoin and Ethereum for a fifth consecutive week.
One additional factor fueling enthusiasm is the expanding Ripple ecosystem. The launch of the RLUSD stablecoin by the company and the potential approval of a spot XRP exchange-traded fund have generated a great deal of optimism. Furthermore, Ripple President Monica Long hinted at a favorable regulatory climate expected from the new administration, which also added to this positive sentiment.
Institutional Support and Spot Trading Momentum
In contrast to Bitcoin and Ethereum, the growth in XRP’s value appears to be primarily fueled by direct market transactions rather than derivatives. According to data from analytics firm Santiment, major investors have been amassing approximately 1.4 billion XRP tokens (worth roughly $3.8 billion) since November. This consistent accumulation by significant players has served as a robust base for the upward trend in XRP’s price.
According to analyst Dom who specializes in order flow, the increase in XRP was primarily driven by robust demand for spot trading, showing little variation in funding rates and buy premiums. If he observed this trend with Bitcoin, he would plainly state that it’s pointing towards a significant rise. In essence, Dom underscored the optimistic prospects for XRP.
Can XRP Break Its All-Time High?
Looking at the technical side, XRP has just burst through a bullish flag formation, suggesting more upward momentum could be on the horizon. Its Relative Strength Index (RSI) hovers around 72, showing there’s still potential for further growth. Moreover, the token is currently trading above its 50-day exponential moving average of $2.20, which continues to serve as a significant support base.
Experts are looking towards $4 as the next significant hurdle, and there’s even talk of it reaching $6 if the current trend continues. Given the broader market’s rebound and XRP’s robust technical signals, the future seems bright for this cryptocurrency.
The surge of XRP back up to $3 signifies a pivotal point for the digital currency, fueled by a mix of legal successes, institutional support, and robust market foundations. With increasing focus and curiosity surrounding XRP, the question that arises is: will it be able to maintain this energy and set new milestones in 2025?
Currently, there’s a developing story about President Trump potentially unveiling initiatives for a “USA First Digital Asset Strategic Reserve.” This hypothetical fund would contain digital assets developed within the U.S., including Solana, USDC, and Ripple’s XRP token. This news seems particularly optimistic for XRP.
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2025-01-17 17:08