Since the beginning of 2025, XRP price has surged a massive 60% crossing $3.30 for the first time in 7 years.
The XRP price XRP $2.16 24h volatility: 0.4% Market cap: $127.21 B Vol. 24h: $1.44 B rally continues smashing another 8% gains in the last 24 hours surging past $3.30 levels for the first time since January 2018 or rising hopes of an XRP ETF approval. With this, Ripple’s cryptocurrency has gained 60% in just the first 17 days of 2025. Popular crypto analyst Ali Martinez stated that the current XRP surge sets the stage for a 5x rally from here.
Martinez showed that the XRP cryptocurrency has made a significant move on the monthly chart, breaking out of a symmetrical triangle pattern. This technical breakout suggests a bullish trajectory, with analysts projecting a potential upside target of $15. Also, this development comes as the broader market sentiment has improved parking optimism among traders about XRP’s next leg higher.
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Source: Ali Charts
XRP Price Surges on XRP ETF Approval Hopes
Big market players like JPMorgan have pinned up hopes on the approval of a spot XRP ETF this year in 2025. The banking giants hope that XTP ETFs could amass $4 to $6 billion in inflows during the first year of launch. Decentralized prediction platform Polymarket noted that the odds of approval for an XRP exchange-traded-fund (ETF) this year, have surged to 71%.
Odds an $XRP ETF is approved this year are soaring.
71% chance. pic.twitter.com/PqwwY2oXyz
— Polymarket (@Polymarket) January 16, 2025
A more favorable SEC could pave the way for the approval of this ETF. In an October interview with Bloomberg Television, Ripple CEO Brad Garlinghouse stated that an XRP ETF is “just inevitable” as institutional interest in digital assets continues to expand.
Looking Past the SEC vs Ripple Lawsuit
Despite the US Securities and Exchange Commission (SEC) appealing the 2023 court ruling on Ripple, that XRP transactions are not investment contracts, investors have decided to look past it and move ahead. Also, there’s rising optimism that the XRP lawsuit will settle once-and-for-all by the end of 2025. Speaking on the matter, Strahinja Savic, head of data and analytics at FRNT Financial Inc said:
“There is a lot of optimism that Ripple can focus on XRP adoption and utility if this case is resolved under the new Trump administration SEC. This optimism is additionally buoyed by the ‘XRP Army,’ the fervent and highly loyal social media-based community that is highly supportive of the asset.”
Ripple CEO Brad Garlinghouse expressed optimism about the cryptocurrency market under the incoming Trump administration. He pointed to Donald Trump’s appointments for crypto czar and SEC chair as key drivers of positive change. “The ‘Trump effect’ is already making crypto great again,” Garlinghouse wrote.
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