Ripple (XRP) Soared by 225% in 2024: How High Can it Go in 2025? (ChatGPT Answers)
TL:DR;
- Ripples native cross-border token was among the top performers in the crypto market, especially in Q4 after the US presidential elections.
- The question now arises of whether the asset soared by triple digits due to buy-the-rumor speculations or if it will maintain its run during the Trump administration.
XRPs Spectacular End of 2024
Its safe to say that XRP had a very quiet 2024, at least until November. The cryptocurrency traded in a dull range between $0.4 and $0.6 for the most part after entering the year at just over the latter.
However, it all changed a few weeks after Donald Trump was re-elected on November 5. The token, backed by the US-based blockchain enterprise, skyrocketed from under $0.6 all the way to nearly $3 within less than a month. Although there were numerous bullish developments on the Ripple horizon, the most probable reason behind this spectacular surge was the upcoming change in the regulatory landscape in the US.
After all, Trump promised to fire Gary Gensler, who led the SECs charge against Ripple for years, upon his inauguration on January 20. However, Gensler didnt wait to be fired and announced his resignation before the years end.
XRP reacted with immediate price gains to the news and spiked toward $3 on a couple of occasions. Although it was rejected there and pushed south to under $2, it managed to recover some ground and ended the year at $2.08 (on most exchanges). This means that its yearly surge stood at around 225%.
What About 2025?
Cryptocurrencies tend to react to news in a more volatile manner than actual developments. As such, its interesting to see what will transpire once Trump indeed enters the White House later this month and if there will be a substantial change in the SEC leadership.
ChatGPT answered the question about XRPs potential in 2025 by outlining several key factors that could help the token continue with its rise toward a new all-time high of over $3.4 (CoinGecko). Paul Atkins, who is Trumps choice for the new SEC Chair, takes the first place as he has a rich history with crypto and could be the key behind an upcoming resolution in the legal case between the agency and Ripple.
Next, the AI chatbot highlighted the growing possibility of an XRP ETF in the States, similar to the funds that were approved for BTC and ETH in 2024. Such products not only validate the underlying asset but also attract fresh funding that could result in price increases for them.
Citing popular analysts, technical indicators, and the potential of the aforementioned reasons, ChatGPT concluded that XRPs price could go to a high of $7, which would be double the previous peak. In case the token reaches such a price, its market cap would go to roughly $400 billion or similar to ETHs current one.
The post Ripple (XRP) Soared by 225% in 2024: How High Can it Go in 2025? (ChatGPT Answers) appeared first on CryptoPotato.
Text source: CryptoPotato
