XRP’s rise is a flashback to the frenetic energy of 2018’s altcoin explosion. This month, XRP's price has risen more than 50%, topping $3, securing its spot as the third-largest cryptocurrency by market capitalization.
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price
24 hour trading volume
Price movement in the past 7 days
It only takes 2.5x to beat Ethereum… I don’t know how to feel, Anon.
The 240% rise in the quarter suggests change, with renewed optimism, active trading and whispers of a regulatory breakthrough.
We hope we are ready for the biggest XRP pump since 2017 after Donald Trump takes direct control.
BTC vs. XRP price: which one is better?
JUST IN: CEO @ripple – Brad Garlinghouse just released a photo of him and Donald Trump. #XRP Attorney Stuart Alderroti!
“Let’s get off to a strong start towards 2025!” pic.twitter.com/U00YhQi5CK
— JackTheRippler © (@RippleXrpie) January 8, 2025
A combination of macro trends is driving the latest XRP price breakout. The market was excited as Bitcoin crossed the $100,000 mark, and XRP posted a record trading volume of $23 billion in one day.
Derivative trading volume more than doubled, soaring to $34 billion. Meanwhile, open interest in perpetual futures reached an astonishing 2.34 billion XRP.
According to Diego Cardenas, OTC trader at Abra, “This surge is being driven by an increasing number of partnerships, the launch of Ripple’s stablecoin RLUSD, and speculation about a potential spot XRP ETF.”
That being said, Bitcoin is great for storing valuable assets (maximum?), but can you make more money with XRP? Many BTC holders “Centralized inflation fraud coin” However, all indicators point to it probably having a better year than BTC.
At this point, BTC and Ripple are a matter of faith. There is no doubt that Bitcoin is a safer option for long-term growth, but XRP could outperform Bitcoin in 2025.
However, if you listen to XRP holders, they will describe the BTC Maxis as the Horse and Carriage Maxis of 1870.
They will say that BTC is a Trojan horse to get people to accept cryptocurrencies en masse, but it will also be a sacrificial lamb for XRP to take the top spot among new blockchain-based payment systems.
Regulatory challenges and the battle between Ripple and the SEC
Despite XRP’s current upswing, the legal fog surrounding Ripple is thickening. Undeterred by the setback, the SEC has appealed a July 2023 ruling that prevented XRP sales to retail investors from being represented as unregistered securities. Their case hinges on retail buyers who are allegedly counting on profits from Ripple's promotions, a key pillar of the Howie test.
CEO Brad Garlinghouse dismissed the appeal as a “repeat failure” and Ripple's chief legal officer Stuart Alderroti said the next administration could shelve the SEC's position. .
At this point, SEC ammo is Nerf darts. If they want another humiliating ritual, let them do it.
The future path of XRP
Investor confidence in XRP is undeniable, but the clouds have not yet lifted. Although the RSI level is rising and the bull market looks good, many are questioning whether it is sustainable.
By Inauguration Day, market capitalization may be a footnote in a world where all-time highs have been shattered. Don't underestimate how much money will be put into cryptocurrencies after President Trump takes office.
Explore: Bullrun Crypto Trends – January 2025
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The article XRP price hits new high in 50 years, Ripple regains 3rd place appeared first on 99Bitcoins.
