$XRP has been seeing a nice price push lately and at the time of writing, it is up by more than 3%. Trading at $2.43, there are a few reasons why $XRP is rallying. .
One of the biggest factors is a new bill being discussed in Missouri called House Bill 594. If it passes, it would let people in the state deduct all capital gains taxes from profits made on things like Bitcoin and $XRP. That means if someone makes money trading these, they won’t have to pay taxes on those profits — and that’s huge news for crypto investors in the U.S.
$XRP Adoption Continues to Rise in 2025
Another reason is that more people are holding $XRP than ever before. So far in 2025, the number of $XRP holders has gone up by 11%, showing growing interest in the coin.
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