Yesterday, XRP reached a new all-time high of $3.38, marking a stunning 42.1% increase in just seven days. This remarkable surge has pushed XRP ahead of major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin, leaving many wondering: what’s behind this sudden rise?
The surge is partly fueled by speculation around the approval of a spot ETF and rumors about potential regulatory changes under Trump’s administration. These developments are shaping investor sentiment as the market waits to see what happens next.
In the past 24 hours alone, XRP has grown by 6.3%. On January 15, it saw an impressive single-day increase of 17.14%, and by January 16, the price peaked at $3.38. Over the last 24 hours, XRP has outperformed all the top ten cryptocurrencies.
AI platforms like ChatGPT and Grok predict that XRP could reach $5 to $10 with moderate inflows from a potential ETF approval. In an even more bullish scenario, reports suggest that XRP could hit $50 to $100. Institutional investment is seen as a key driver behind such growth.
JPMorgan has also weighed in, forecasting that if an XRP ETF is approved, the market could see capital inflows ranging from $3 billion to $8 billion. Several prominent investment firms, including Bitwise, 21Shares, and WisdomTree, have applied for spot XRP ETF products, highlighting growing institutional interest.
Crypto analysts like TheCrypticWolf and CrediBULL Crypto are even more optimistic, with predictions that XRP could hit $10 to $20 during the current bullish cycle. This growing optimism reflects the confidence investors have in XRP’s future.
With the 2024 U.S. presidential election approaching, crypto enthusiasts are closely watching Donald Trump’s stance on cryptocurrency. Trump has positioned himself as a pro-crypto candidate, promising policies to help the sector grow. If he takes office on January 20, 2025, many believe his administration will bring in crypto-friendly regulations.
There are also rumors that Trump may include XRP and Solana in a proposed U.S. crypto reserve. If true, this could further boost XRP’s appeal and drive its price even higher.
As crypto-friendly policies begin to take shape, XRP’s future looks promising, but there are still factors that could impact its path.
Yes, analysts predict XRP could hit $5 to $10 with moderate ETF inflows, with even higher growth possible in bullish scenarios.
Experts remain bullish, with predictions of XRP hitting $10 to $20 during this bullish cycle due to strong market sentiment and potential ETF approval.
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