BPOI Banner
Why is the Ripple (XRP) Price Up Today? Why is the Ripple (XRP) Price Up Today?

How High Can it Go in 2025? (ChatGPT Answers)

TL:DR;

  • Ripple’s native cross-border token was among the top performers in the crypto market, especially in Q4 after the US presidential elections.
  • The question now arises of whether the asset soared by triple digits due to ‘buy-the-rumor’ speculations or if it will maintain its run during the Trump administration.

XRP’s Spectacular End of 2024

It’s safe to say that XRP had a very quiet 2024, at least until November. The cryptocurrency traded in a dull range between $0.4 and $0.6 for the most part after entering the year at just over the latter.

However, it all changed a few weeks after Donald Trump was re-elected on November 5. The token, backed by the US-based blockchain enterprise, skyrocketed from under $0.6 all the way to nearly $3 within less than a month. Although there were numerous bullish developments on the Ripple horizon, the most probable reason behind this spectacular surge was the upcoming change in the regulatory landscape in the US.

After all, Trump promised to fire Gary Gensler, who led the SEC’s charge against Ripple for years, upon his inauguration on January 20. However, Gensler didn’t wait to be fired and announced his resignation before the year’s end.

XRP reacted with immediate price gains to the news and spiked toward $3 on a couple of occasions. Although it was rejected there and pushed south to under $2, it managed to recover some ground and ended the year at $2.08 (on most exchanges). This means that its yearly surge stood at around 225%.

XRPUSD. Source: TradingView
XRPUSD. Source: TradingView

What About 2025?

Cryptocurrencies tend to react to news in a more volatile manner than actual developments. As such, it’s interesting to see what will transpire once Trump indeed enters the White House later this month and if there will be a substantial change in the SEC leadership.

ChatGPT answered the question about XRP’s potential in 2025 by outlining several key factors that could help the token continue with its rise toward a new all-time high of over $3.4 (CoinGecko). Paul Atkins, who is Trump’s choice for the new SEC Chair, takes the first place as he has a rich history with crypto and could be the key behind an upcoming resolution in the legal case between the agency and Ripple.

Next, the AI chatbot highlighted the growing possibility of an XRP ETF in the States, similar to the funds that were approved for BTC and ETH in 2024. Such products not only validate the underlying asset but also attract fresh funding that could result in price increases for them.

Citing popular analysts, technical indicators, and the potential of the aforementioned reasons, ChatGPT concluded that XRP’s price could go to a high of $7, which would be double the previous peak. In case the token reaches such a price, its market cap would go to roughly $400 billion – or similar to ETH’s current one.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Source link

Jordan Lyanchev

https://cryptopotato.com/ripple-xrp-soared-by-225-in-2024-how-high-can-it-go-in-2025-chatgpt-answers/

2025-01-01 16:06:20

bitcoin
Bitcoin (BTC) $ 92,757.85 1.88%
ethereum
Ethereum (ETH) $ 3,259.47 1.58%
tether
Tether (USDT) $ 1.00 0.09%
xrp
XRP (XRP) $ 2.30 0.63%
bnb
BNB (BNB) $ 687.98 0.67%
solana
Solana (SOL) $ 187.98 3.81%
dogecoin
Dogecoin (DOGE) $ 0.321654 5.13%
usd-coin
USDC (USDC) $ 1.00 0.13%
cardano
Cardano (ADA) $ 0.91593 4.67%
staked-ether
Lido Staked Ether (STETH) $ 3,259.21 1.12%
tron
TRON (TRX) $ 0.242248 3.05%
avalanche-2
Avalanche (AVAX) $ 36.59 3.14%
sui
Sui (SUI) $ 4.76 2.07%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,877.71 1.07%
the-open-network
Toncoin (TON) $ 5.21 1.94%
shiba-inu
Shiba Inu (SHIB) $ 0.000021 0.44%
chainlink
Chainlink (LINK) $ 19.79 3.43%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 92,672.83 1.91%
stellar
Stellar (XLM) $ 0.399793 2.78%
hedera-hashgraph
Hedera (HBAR) $ 0.27119 4.63%
polkadot
Polkadot (DOT) $ 6.66 1.38%
weth
WETH (WETH) $ 3,259.95 1.49%
bitcoin-cash
Bitcoin Cash (BCH) $ 423.65 2.82%
leo-token
LEO Token (LEO) $ 9.06 0.01%
litecoin
Litecoin (LTC) $ 103.62 2.04%
bitget-token
Bitget Token (BGB) $ 6.34 0.81%
uniswap
Uniswap (UNI) $ 12.71 2.83%
pepe
Pepe (PEPE) $ 0.000017 2.70%
hyperliquid
Hyperliquid (HYPE) $ 20.09 9.78%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,444.21 1.59%
near
NEAR Protocol (NEAR) $ 4.99 2.42%
ethena-usde
Ethena USDe (USDE) $ 0.999791 0.04%
usds
USDS (USDS) $ 0.997902 0.21%
internet-computer
Internet Computer (ICP) $ 10.28 5.89%
aptos
Aptos (APT) $ 8.70 2.56%
aave
Aave (AAVE) $ 283.57 2.12%
mantle
Mantle (MNT) $ 1.15 4.51%
mantra-dao
MANTRA (OM) $ 3.99 0.91%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.452835 1.32%
crypto-com-chain
Cronos (CRO) $ 0.139143 3.95%
ethereum-classic
Ethereum Classic (ETC) $ 25.02 1.24%
render-token
Render (RENDER) $ 7.16 5.45%
bittensor
Bittensor (TAO) $ 448.37 3.84%
vechain
VeChain (VET) $ 0.044565 1.03%
monero
Monero (XMR) $ 194.64 2.04%
tokenize-xchange
Tokenize Xchange (TKX) $ 43.06 0.88%
dai
Dai (DAI) $ 1.00 0.17%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.30 2.33%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 3.20 10.26%
arbitrum
Arbitrum (ARB) $ 0.756934 4.47%