XRP Price Breaches $2 – Is Now the Time to Buy?
The price of XRP has officially breached the $2 mark and shows no signs of slowing down. Having started its journey from $0.50 just before the US elections, XRP has soared to new heights following Donald Trump’s pro-crypto victory. As Ripple benefits from this supportive environment, investors are now eyeing XRP’s potential to reach its all-time high (ATH) of $2.70. Could now be the perfect time to buy XRP?
XRP News: XRP Price Surges Past $2
XRP has entered a strong upward trend, crossing the critical $2 threshold to reach the current price of $2.20. This impressive rally is fueled by increased investor confidence and broader market momentum. The token has gained over 58% in the past week and an additional 16% in the last 24 hours, reflecting robust demand and growing optimism about its future.
XRP/USDT 1-day chart showing XRP pump since Trump won the US election- Bitget
The price movement began when XRP was trading at just $0.50 prior to the US elections. Since then, the token has consistently climbed, driven by renewed enthusiasm for cryptocurrencies under Trump’s administration.
Currently, XRP market cap is $122.7 billion, the 4th biggest cryptocurrency by market, just 10 billion behind Tether .
How Trump’s Victory Boosted XRP
Donald Trump’s return to the White House has reignited hope for the crypto market, particularly for XRP and Ripple. Trump’s pro-crypto policies aim to position the United States as a global leader in blockchain technology. By fostering innovation and supporting crypto-friendly companies like Ripple, his administration is expected to create a favorable environment for XRP’s continued growth.
Ripple , with its focus on transforming cross-border payments, stands to benefit significantly from this political backing. The combination of government support and market optimism has placed XRP in the spotlight as one of the top-performing cryptocurrencies.
XRP Price Prediction: Heading Toward ATH?
With XRP’s current upward momentum, analysts believe it’s only a matter of time before the token revisits its previous ATH of $2.70, last achieved during the 2021 bull market.
- Recent Performance: XRP has surged over 50% in the past week and 10% in the last 24 hours.
- Short-Term Prediction: If the current trend holds, XRP could reach its ATH of $2.70 by early 2025.
- Long-Term Outlook: With Trump’s policies boosting the crypto sector and Ripple’s expansion, XRP may even surpass its ATH , setting new records in the next major market cycle.
XRP/USD 4-hours chart - TradingView
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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