3 Reasons Ripple’s XRP Could Hit New Heights in 2025
The post 3 Reasons Ripple’s XRP Could Hit New Heights in 2025 appeared on BitcoinEthereumNews.com.
Ripple’s XRP has emerged as one of the strongest performers in the cryptocurrency market this year, outpacing major players like Bitcoin and Ethereum. With a price surge of over 46% since the start of 2025, XRP’s momentum shows no signs of slowing. At the time of writing, XRP is trading at $3.07, marking a 3.38% decline in the last 24 hours, according to Brave New Coin’s XRP Liquid Index. XRP is holding strong above $3. Source: Brave New Coin’s XRP Liquid Index. At the heart of XRP’s rapid growth is the expansion of the XRP Ledger network. According to DeFi Llama, the total value locked (TVL) in its decentralized finance ecosystem has climbed to an all-time high of $83.29 million. That rising TVL signals increasing user engagement and confidence in the ecosystem. Rising TVL, Source: DeFi Llama Adding to its bullish outlook, Ripple USD (RLUSD), a token closely tied to the XRP ecosystem, has been attracting robust trading activity. RLUSD’s daily trading volume recently hit over $160 million, a strong indication of active investor participation. Although its market cap remains modest at $52 million, the growing liquidity highlights its rising prominence in the market. ETF Hopes and Technical Strength Propel Optimism One of the most anticipated developments for XRP in 2025 is the potential approval of multiple XRP exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission. Companies like Bitwise, WisdomTree, and ProShares have already submitted applications, and market sentiment remains positive. Polymarket users currently estimate a 78% chance that the SEC will greenlight at least one XRP ETF this year. The odds of a Ripple XRP ETF are rising. Source: Polymarket Beyond institutional interest, XRP’s technical indicators point to further gains. The cryptocurrency recently broke above a bullish pennant pattern, which typically signals the potential for extended upward…
Filed under: News - @ January 25, 2025 5:08 am