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Ripple’s CEO, Brad Garlinghouse, posted a photo with President-elect Donald Trump and Ripple’s Chief Legal Officer, Stuart Alderoty, after a dinner at Trump’s Mar-a-Lago estate.
Great dinner last night with @realDonaldTrump & @s_alderoty.
— Brad Garlinghouse (@bgarlinghouse) January 8, 2025
Strong start to 2025! pic.twitter.com/UjM6lahUG4
The dinner drew attention amid Ripple’s regulatory challenges in the U.S.. Garlinghouse’s post hints at discussions that may influence Ripple’s position in the U.S. market as 2025 begins.
Ripple’s recent victory against the SEC marked a major milestone for the company. After over two years of litigation, the court ruled in Ripple’s favor, rejecting claims that XRP sales involved unregistered securities.
XRP Price Update: Mixed Signals
Despite Ripple’s legal success, XRP’s price fell 3.57% to $2.32 over the last 24 hours. However, trading volume exceeded $8.2 billion, increasing by over 100%, and the token maintained a market cap of $133.31 billion.
This fluctuation in XRP’s price is raising questions about its future. While some see this as a temporary setback, others believe the continued interest in XRP signals more market engagement, which could signal a recovery or upward movement in the coming days.
A Surge in XRP Outflows from Exchanges
Data from Coinglass revealed $60.7 million in XRP moved off exchanges, suggesting whales and long-term holders are acquiring the token. This indicates confidence in XRP’s long-term growth, even as prices fluctuate.
Additionally, the correlation between XRP’s price fluctuations and active account movements from mid-2022 through early 2025 suggests a cycle pattern of price surges followed by quick retracements. After a peak in mid-2023, when XRP reached nearly $3, the coin’s price fell, with active accounts also declining.
Read also: Ripple SEC Settlement May Arrive by April, Says Lawyer
However, a rise in both XRP’s price and user engagement in 2024 and into 2025 could begin a new phase for the asset.
Analysts Predict XRP Recovery
Despite recent setbacks, crypto analyst Mikybull Crypto expects XRP could reach $3.2 in the near term.
$XRP breakout is imminent
— Mikybull 🐂Crypto (@MikybullCrypto) January 7, 2025
The chart looks ready. pic.twitter.com/g9YHdcNOqx
He notes that if the upward trend continues, XRP could reach $3.2 and possibly surge to $3.7, bringing it closer to its all-time high of $3.84.
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