cryptoticker.io
The price of $XRP has officially breached the $2 mark and shows no signs of slowing down. Having started its journey from $0.50 just before the US elections, $XRP has soared to new heights following Donald Trump’s pro-crypto victory. As Ripple benefits from this supportive environment, investors are now eyeing $XRP’s potential to reach its all-time high ($ATH) of $2.70. Could now be the perfect time to buy $XRP?
$XRP News: $XRP Price Surges Past $2
$XRP has entered a strong upward trend, crossing the critical $2 threshold to reach the current price of $2.20. This impressive rally is fueled by increased investor confidence and broader market momentum. The token has gained over 58% in the past week and an additional 16% in the last 24 hours, reflecting robust demand and growing optimism about its future.
$XRP/USDT 1-day chart showing $XRP pump since Trump won the US election- Bitget
The price movement began when $XRP was trading at just $0.50 prior to the US elections. Since then, the token has consistently climbed, driven by renewed enthusiasm for cryptocurrencies under Trump’s administration.
Currently, $XRP market cap is $122.7 billion, the 4th biggest cryptocurrency by market, just 10 billion behind Tether.
How Trump’s Victory Boosted $XRP
Donald Trump’s return to the White House has reignited hope for the crypto market, particularly for $XRP and Ripple. Trump’s pro-crypto policies aim to position the United States as a global leader in blockchain technology. By fostering innovation and supporting crypto-friendly companies like Ripple, his administration is expected to create a favorable environment for $XRP’s continued growth.
Ripple, with its focus on transforming cross-border payments, stands to benefit significantly from this political backing. The combination of government support and market optimism has placed $XRP in the spotlight as one of the top-performing cryptocurrencies.
$XRP Price Prediction: Heading Toward $ATH?
With $XRP’s current upward momentum, analysts believe it’s only a matter of time before the token revisits its previous $ATH of $2.70, last achieved during the 2021 bull market.
- Recent Performance: $XRP has surged over 50% in the past week and 10% in the last 24 hours.
- Short-Term Prediction: If the current trend holds, $XRP could reach its $ATH of $2.70 by early 2025.
- Long-Term Outlook: With Trump’s policies boosting the crypto sector and Ripple’s expansion, $XRP may even surpass its $ATH, setting new records in the next major market cycle.
$XRP/USD 4-hours chart - TradingView