Key Takeaways
- XRP has surged above 250% in the past month amid Trump’s victory and SEC leadership change news.
- Various analysts predict that the coin may rise by 7.17% and reach a price of $2.51 by the end of the first quarter of 2025.
- Currently, the XRP token is trading “neutral” in the market with the Fear & Greed Index indicating “Extreme Greed”.
XRP, one of the top dogs in the crypto market has been making huge waves in the market in the past month with a monthly growth rate of 257.73%. With this growth, XRP has solidified its position in the market. XRP is a digital currency and the native token of the XRP Ledger. It is a decentralized blockchain that facilitates cross-border transactions. In this article, we will look into the XRP’s current market standing, various factors that contributed to its surge in the market, and how the coin will fare in the market in the coming days.
XRP Current Market Standing
Ranked #4 in the crypto market based on its market capitalization, XRP is one of the most sought-after coins out there. The coin started its current bull run on the 12th of November amid the US Presidential Election and Trump’s subsequent victory. At that time, the coin was trading at a market value of $0.6204. Now, with a price increase of more than $1.78, the coin is currently trading at a value of $2.33 registering a slight daily downtrend of 5.01%.
During this current bull run, the coin peaked at a value of $2.842 on the 3rd of December, 2024. With a total circulation of 57.18 billion, the coin’s market capitalization is standing at a high of $134.16 billion. The liquidation rate of the XRP token is currently at 7.75% with a trading volume of $10.31 billion in the last 24 hours. If this trend continues in the market, we may see a further surge in the value of the coin in the coming days.
Factors Influencing The XRP Rally
In a recent comment on social media, Consensys CEO Joe Lubin predicted that the US courts would likely dismiss or settle most crypto lawsuits filed by the SEC. One of these cases includes Ripple’s battle with the SEC, and thus it had a huge impact on the coin’s momentum in the market.
As Trump emerged victorious in the US Presidential Election, he introduced a new Department of Government Efficiency. There is another matter regarding the SEC leadership change. The SEC’s current leader is Gary Gensler. He spearheaded many cases against prominent crypto giants. Gensler hinted about his departure from the department at the Practising Law Institute’s 56th Annual Conference on Securities Regulation, which was on Thursday, November 14th, 2024.
The next chairman will likely be more crypto-friendly, as Trump is in charge now. Meanwhile, with the altcoin cycle in full tow, the trading frenzy surrounding the XRP coin has increased tremendously in the past month, especially as BTC crossed the $100K mark. There is also the matter of the XRP ETFs. With the BTC and ETH success, various big-name institutions have filed for an XRP spot ETF, which also contributed to the coin’s growth in the market.
XRP Price Prediction: Short & Long Term
Now that we looked into the XRP’s current performance in the crypto market and the various factors that have influenced its rally, let’s take a sneak peek into its future. For this, we have prepared the price predictions table of the coin highlighting its market value and potential ROI for the near future. If you’re currently considering investing in XRP and want to gain insights into its future, kindly refer to the tables below.
Short-Term Price Prediction
| Date | Price | Potential ROI |
| 14 Dec, 2024 | $ 2.33 | 0.52% |
| 15 Dec, 2024 | $ 2.31 | 1.18% |
| 16 Dec, 2024 | $ 2.28 | 2.38% |
| 17 Dec, 2024 | $ 2.27 | 2.69% |
| 18 Dec, 2024 | $ 2.45 | 4.84% |
Long-Term Price Prediction
| Year | Min Price | Avg Price | Max Price | Potential ROI |
| 2024 | $ 1.795711 | $ 2.18054 | $ 2.45 | 4.98% |
| 2025 | $ 1.817457 | $ 2.96 | $ 4.63 | 98.15% |
| 2026 | $ 1.971792 | $ 2.33 | $ 2.97 | 27.13% |
| 2027 | $ 2.02 | $ 2.33 | $ 2.85 | 22.09% |
| 2028 | $ 2.17 | $ 2.73 | $ 6.08 | 159.95% |
| 2029 | $ 5.00 | $ 6.35 | $ 8.32 | 255.98% |
| 2030 | $ 5.18 | $ 5.60 | $ 6.36 | 172.22% |
Keep in mind while referring to the table that the change in trends in the market could have a significant impact on the market value of a coin.
Is It A Good Time To Buy The XRP Token?
The market sentiment regarding the XRP token is currently “Neutral”. As per expert’s opinions and various technical indicators, the coin is expected to rise 7.17% and reach a price of $2.51 by the end of the first quarter of 2025. The XRP coin has traded 17/30 days in green with a price volatility of 36.26% in the past 30 days.
Also, the Fear & Greed Index of the XRP token is currently at a value of 83, which is a clear indication of “Extreme Greed” in the market. Based on these market data, it’s now a good time to put your investment in the XRP token. However, it would be better to exercise some caution and conduct your research about the trends in the market before you move on with your investment plan.
