Ripple News: XRP Price Surges Again Will it Hit $3 Soon?
XRP is on fire! The token has been one of the best performers in the crypto market recently, continuing its bullish momentum. In just 24 hours, XRPs price has climbed 8% to approximately $2.40, marking a 35% gain over the past week. With growing optimism surrounding regulatory clarity and Ripple's upcoming developments, many are wondering if XRP will reach $3 in early 2025.
XRPs Recent Price Performance
The recent price surge of XRP has been nothing short of spectacular. On December 3rd, XRP hit a new multi-year high of $2.82, according to CoinGecko. After a slight retracement, the token is now holding strong at $2.40, but the momentum doesnt seem to be slowing down.
XRP/USD 10-mins chart - TradingView
Over the past week, XRP has delivered a 35% increase, making it one of the top-performing cryptocurrencies in the market. This growth has been fueled by several key factors, with both technical and fundamental drivers in play.
Why Is XRP Price Going Up?
Several major catalysts are behind XRP's recent price surge:
Anticipation for RLUSD Stablecoin
XRP wallets have seen a sharp increase in activity, and many analysts attribute this to the upcoming launch of RLUSD, Ripples new stablecoin. This new asset is expected to strengthen Ripple's cross-border payment network and drive further demand for XRP as part of the broader Ripple ecosystem.
Regulatory Clarity on the Horizon
The departure of Gary Gensler, Chair of the SEC, has sparked new optimism for regulatory clarity. Ripple CEO Brad Garlinghouse recently hinted on social media that Gensler's resignation could "lift all boats" in the crypto space, referring to the positive impact on the wider industry.
Ripple's legal victory over the SEC earlier this year already dealt a massive blow to the regulator's anti-crypto agenda, with Solana co-founder Anatoly Yakovenko calling it a "fatal wound" for the SEC's stance on crypto.
Garlinghouses Upcoming "60 Minutes" Appearance
Ripple CEO Brad Garlinghouse is set to appear on "60 Minutes" on December 8th, one of the most-watched television programs in the U.S. This media exposure is expected to spotlight Ripples journey, the SEC case, and the broader impact of XRP on the financial industry. Such media attention often triggers positive sentiment in the market, which could drive even more demand for XRP.
XRP Price Prediction: Will It Hit $3 in 2025?
With the bullish momentum currently in play, XRP is showing no signs of slowing down. Analysts expect the price to continue its upward trajectory, potentially hitting $2.80 by the end of 2024 and breaking through the $3 mark in the first quarter of 2025.
The combination of positive market sentiment, Ripples growing ecosystem, and increasing wallet activity positions XRP as one of the strongest contenders for major growth in 2025. If Ripples RLUSD launch goes as planned and regulatory clarity continues to improve, XRP could see an even larger rally.
XRP/USD 4-hours chart - TradingView
Read more: https://cryptoticker.io/en/ripple-news-xrp-price-prediction-surge-2025/
Text source: CryptoTicker
