President-elect Trump’s inauguration on January 20 is expected to be a potential catalyst for XRP’s growth, sparking hopes for the approval of spot XRP ETFs in the United States.
XRP XRP $1.93 24h volatility: 2.1% Market cap: $116.47 B Vol. 24h: $2.74 B has recently made a significant leap, briefly surpassing the $3 mark. Breaking its seven-year barrier, the token is now inching closer to its all-time high. XRP surge of over 47% since the start of 2025 has captured significant attention among investors and analysts alike. Now, the focus shifts to whether it can sustain this bullish momentum and break into the $4 range.
At the time of writing, the token is trading at $3.10, representing a 9.89% surge within 24 hours and a notable 35.25% increase over the past week. Amid its remarkable surge, XRP regained its status as the third-largest cryptocurrency by market capitalization, overtaking Tether USD USDT $1.00 24h volatility: 0.0% Market cap: $186.30 B Vol. 24h: $69.96 B . Its market cap expanded by 10%, while trading volumes soared by an impressive 70% within a single day, further solidifying its upward trajectory.
Bull Flag Breakout: XRP Targets $4 and Beyond
From a technical perspective, XRP’s recent price movements signal further upside potential. The cryptocurrency recently breached the $2.71 mark, its highest since December 3, 2024. The has now successfully broken out of a bull flag pattern that followed a remarkable 30% increase after the breakout.
Photo: TradingView
The altcoin’s relative strength index (RSI) currently hovers near 72, leaving room for further upward movement. Additionally, XRP is trading above its 50-day exponential moving average (EMA) of $2.20, which continues to serve as a robust support level. Analysts suggest this breakout could propel the token toward $4, with some analysts even predicting the $6.4 mark.
Photo: CRYPTOWZRD
Google Trends data also revealed a spike in global interest, with searches for XRP surpassing those for Bitcoin BTC $86 831 24h volatility: 0.5% Market cap: $1.73 T Vol. 24h: $45.21 B on January 15. This is the third time XRP has led Bitcoin in search volumes in the past year, showcasing its increasing popularity among investors.
Photo: Google Trends
What’s Behind the XRP Rally?
XRP’s price has surged due to recent legal victories for Ripple Labs in its ongoing SEC lawsuit. These rulings have bolstered investor confidence, attracting substantial buying pressure. Simultaneously, institutional interest is growing, with large-scale investors accumulating over 1.4 billion XRP, signaling faith in the token’s long-term potential.
President-elect Trump’s inauguration on January 20 is expected to be a potential catalyst for XRP’s growth, sparking hopes for the approval of spot XRP ETFs in the United States. Positive market fundamentals and strong technical indicators bolster the likelihood of a sustained rally.
Further, Ripple’s strategic partnerships and innovative ventures, such as launching the RLUSD stablecoin, are elevating its profile in digital finance. XRP’s valuation of $173 billion positions it alongside financial giants like BlackRock, reinforcing its status as a major cryptocurrency and boosting investor optimism about its future trajectory.
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