The post Can XRP Hit ATH Once Again in January 2025 Following President Trump’s Swearing-In Ceremony? appeared on BitcoinEthereumNews.com.

The cryptocurrency market is watching closely as XRP positions for what the analysts believe could be a big move. As of now, XRP is trading at $2.32 with a market capitalization of $133.5 billion which ranks XRP as the 4th largest cryptocurrency. As the inauguration of Donald Trump in January 2025 is expected to usher in more favorable conditions for cryptocurrencies, XRP could be poised to rise to its previous high of $3.84 set in 2018. Despite the ongoing focus on XRP, new projects are starting to be born, such as Ozak AI, a Predictive AI-powered decentralized network for advanced data analytics. Lets find what its holding for the future. XRP’s Bullish Setup and Market Sentiment XRP has been trading within a descending triangle, which is often considered as a bullish formation that signals a breakout. The technical analysts posit that if the price breaks above the upper trend line of this formation, it could reach between 16% and 47%. Cryptocurrency has already shown incredible growth, having reached a more than 300% increase since November 2024, when the price was around $0.50. This recent rally has been ascribed to expectations of deregulation under the new U.S. administration. The new leadership at the SEC could be a positive change for the industry according to Ripple CEO Brad Garlinghouse, as the outgoing chairman, Gary Gensler, retires. Ripple Labs has already benefited from these changes as it noted more partnerships in the U.S. in the last weeks of 2024 than in the previous six months. Furthermore, the growing concern of the people in social media has also boosted the position of XRP. Santiment reports that the sentiments within the social media are now more positive for XRP than for Bitcoin and Ethereum. This increasing interest has brought in more investors, with many expecting…

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Filed under: News - @ January 11, 2025 1:29 pm