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XRP has had a massive performance , rising to $2.5 and achieving a over 340% gain in the last 30 days. This surge has pushed XRP to the third largest crypto asset by market cap, ranking only after Bitcoin and Ethereum. The asset’s market cap has now gone past $137 billion, making it top competitors like Solana and the USDT tether among others.
This situation is compelling as XRP experiences its recent price action in an evolving cryptocurrency market. XRP’s leading company – Ripple, has recently gained precedent legal victories against the U.S. Securities and Exchange Commission (SEC). These victories have boosted investors’ confidence again, especially after the court claimed that XRP is not security in most aspects.
Joining this bullish trend is the boost in market sentiment that has come after Donald Trump was elected president of the United States. In his term, the President-elect has promised to create a liberal regulatory environment for digital assets.
This includes plans to fire SEC Chair Gary Gensler and replace him with crypto-friendly regulators. This has led to speculation in all the general crypto market with it rising by $1.2 trillion in value since the election.
XRP’s surge above $2 marks its second crossing of this price level since January 2018, a milestone driven by several bullish factors:
Institutional Interest: The relationships that Ripple has with banks and financial institutions are making XRP more entrenched in cross- border payments and more financial systems.
Market Recovery: Other cryptocurrencies market recovery has put XRP ahead in the current bull run.
Investor Sentiment: Current on-chain data from Coinglass show that the traders are relentlessly bullish on XRP, with an absolute majority of 66.5% of the current positions being longs.
The token has also crossed important resistance levels including $2.00 and a new bull run could see it aim for $3.00-$3.50.
Despite the bullish outlook, there are signs that a price correction could be imminent. On-chain data from Coinglass reports an influx of $256 million worth of XRP onto exchanges in recent days.
Such movements do indicate that whales and institutions are preparing to sell, a potential retracement.
As much as the long term outlook for XRP remains strong, the short term trend looks cautious as price volatility increases.
XRP is trading well above its support levels, indicating sustained buying interest. Analysts point to $3.15 as the next major resistance level and with a possible consolidation phase before the price resumes its uptrend.
If the rally continues XRP could reach $3.50 or higher in the coming months. However, in a bearish scenario, the price might retrace to $1.50-$2.00.
The stability, relevant partnership companies, the legal environment and the overall market sentiment point to a positive for Ripple and in extension, for XRP.
Here are three possible scenarios:
Bullish case if Ripple achieves further legal victories and expands its partnerships, pushing XRP to $5 or higher.
Moderate growth if XRP consolidates between $2.50 and $3.00, supported by steady market interest.
Bearish case if there are general market corrections or regulatory challenges. This could pull XRP back to $1.50-$2.00.
If one is an investor willing to hold on XRP for several years, current prices are actually an opportunity to buy, especially for a person who trusts in Ripple’s technology and its capabilities to disrupt cross-border payments.
If you are a short-term trader, you should watch for volatility, retracements for clear entries at key levels and use tools like stop-loss orders to manage risk.
XRP has skyrocketed to over $2 and newly found its place among the top three cryptocurrencies proving its significance as a digital asset. Even if there may be some fluctuations in the near future, XRP has great opportunities to become an effective financial instrument, therefore, it is worthy to pay attention to this asset.
