On New Year’s Day, Ripple released 500 million XRP tokens from its escrow account, in line with its monthly plan. This release, totaling over $1 billion in value, highlights the ongoing strategy Ripple has in place to distribute XRP over time.
However, this massive release was accompanied with a memo which read, “January 20th is around the corner. Donald Trump will be in the WH, and we are going to make crypto great again!” The upcoming inauguration could provide a catalyst for further price action, potentially leading to a strong rally.
The price of XRP has already seen an 11% surge, with a positive Buy signal on the indicators, suggesting that the bullish trend will continue throughout the month. The overall market is also showing signs of recovery, adding to the optimism surrounding XRP.
XRP is currently trading at $2.35 and is now aiming to hit the $2.50 mark. While December is often a time of market corrections, January and beyond look much more promising for XRP and other cryptocurrencies.
The market saw rapid fluctuations, with major coins like Bitcoin and XRP experiencing sharp pumps and sudden drops, but now that we’ve entered January, the outlook is bullish. A key factor is the expected regulatory changes for crypto, with President Trump’s administration likely to introduce crypto-friendly policies. The launch of several altcoin ETFs—including for XRP—could fuel massive market growth in the coming months.
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