XRP’s 10% Price Jump Increases Hope for Bigger Moves in 2025
Highlights:
- XRP’s 10% price jump has spurred reactions about what the token has in stock for users in 2025.
- The token’s price surge amid a generally slow market signifies utility preference by investors.
- Market experts are speculating that XRP’s massive breakthrough will happen this year.
After previously overtaking the stablecoin Tether (USDT) at some point in 2024 before eventually retracing, XRP began 2025 with a bang that saw it overtake the stablecoin again. Notedly, after overtaking the stablecoin, XRP ranked as the third most valuable cryptocurrency for only a transient period before it eventually retraced slightly to its previous fourth position.
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When will people stop sleeping on XRP? pic.twitter.com/barCeA9JRo
— Jesus Martinez (@JesusMartinezEZ) January 2, 2025
According to CoinGecko’s XRP data, the digital assets surged by about 10% in the past 24 hours, resulting in its selling price hitting $2.35 at the time of press. With the tremendous jump, XRP’s market capitalization spiked to approximately $134.87 trillion.
Possible Implications of XRP’s Pumping Action
The latest flip signifies investors’ interest in crypto assets with liquidity rather than conventional tokens with no price appreciation potential. In addition, it reflects traders’ preference for utility over conventional cryptocurrencies.
Ripple, XRP’s parent company and main distributor has always cited utility as the focus point of its dedicated token. Over the years, despite its legal dispute with the United States Securities and Exchange Commission (SEC), the company has shown commitment to ensuring its coin utility.
Recently, the cross-border firm launched its native stablecoin, RLUSD. While market participants raised concerns about neglecting XRP for the stablecoin, the platform allayed their fears with the assurance that the RLUSD will complement XRP. Hence, it could qualify as one of the firm’s several commitments to ensuring utility for XRP users.
XRP’s Price is Moving Against the Crypto Market
At the time of press, the general crypto market is up by 1.7% in the past 24 hours, with a valuation of approximately $3.52 trillion. The slight increment appears significantly lower than XRP’s over 10% increment within the same timeframe. Moreover, the token’s last 24-hours minimum and maximum prices reflected $2.09 and $2.44, respectively.
The above price extremes highlight a significant jump. XRP’s other extended period price change variables displayed increments apart from its month-to-date variables, which reflected a 14% decline. Its 24-hour trading volume has spiked by about 122.72%, boasting a $10.5 billion valuation.
Market Expert Predicts Maximum Gains for XRP Holders in 2025
In one of his most recent X posts, Crypto Bull, a renowned market expert and chartist boasting over 150K followers, has highlighted expectations for XRP holders in 2025. His projections aligned with Donald Trump’s office assumption in nineteen days from now. According to him, with the new United States president at the helm of affairs, XRP holders will no longer pay taxes on the profits incurred from the tokens.
Additionally, the protracted legal dispute with the SEC would terminate with Gary Gensler’s resignation and the appointment of a pro-crypto SEC chairman. Still, in the same tweet, the expert noted that favorable market conditions can catapult XRP to price targets of around $10.
Here is what may be in store for #XRP holders when Trump takes office in 19 days:
1. No taxes on gains made by holding XRP.
2. Appeal withdrawn after Gensler left and Trump’s pick for SEC chair takes charge.
3. Price targets above $10.
— CryptoBull (@CryptoBull2020) January 2, 2025
While the protections above centered around Trump’s office assumption, Ripple’s recent January escrow execution conveyed a similar message, linking the incoming administration. Notedly, the escrow witnessed the release of 500 million XRP valued at about $1.07 billion.
The above practice is not unusual. However, the transaction receipt contained a note that got the crypto community talking. The statement read: “January 20 is around the corner. Donald Trump will be in the White House, and we are going to make crypto great again!”
JUST IN: 🇺🇸 Ripple Escrow Unlocks With A Message Heading Into 2025 —
“January 20 is around the corner. Donald Trump will be in the WH, and we are going to make crypto great again!”
2025 is going to be a historic year for the $XRP Community! 🙌💥📈 https://t.co/iMUD8uq6CC pic.twitter.com/g0yhl99fsB
— Good Morning Crypto (@AbsGMCrypto) January 1, 2025
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Chinedu Agbakwusi
Chinedu Agbakwusi is a news writer and editor for Crypto2Community. He is a crypto enthusiast with vast experience across several crypto-related projects and platforms. Chinedu has been following the development of the crypto market for several years, and he is optimistic about its potential to democratise the global financial system. He hopes to be a reliable plug for reporting trends and breaking down complex concepts to his readers. Agbakwusi's previously written for several crypto news including Times Tabloid, UPay, while also contributing over the years to many others leading media publications.
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