XRP won 42% last week after meeting at nearly 1% on Friday. Altcoin scored a new all-time high as its 24-hour trade volume left Ethereum (ETH) and bites dust on Thursday. The token could extend the winning streak over the coming days after President Donald Trump’s inauguration.
XRP can extend the rally along with Bitcoin
XRP has exceeded 40% in the past week. Bitcoin (BTC), the biggest cryptocurrency, recovered under $90,000 from the Flash Crash and made its comeback above $104,000 on Friday. Xrpledger’s native tokens are gathered together with the cipher at the top.
Trump’s upcoming inauguration is one of the main catalysts, along with optimism about crypto regulations, custody policies and new approaches by US financial regulators.
XRP made more profits and was able to enter the price discovery next week.
The XRP trades for $3.26 at publication.
On-chain indicators support profit
XRP’s on-chain indicators support Altcoin’s bullish papers. The total funding rate metric is positive, exceeding one throughout January 2025. Active addresses counts recorded a big spike on Thursday, January 16th.
On-chain metrics regarding Santiment will encourage further benefits for XRP next week.
Santiment’s supply distribution metrics show an increase in XRP token supply held by 10,000-100,000, 1 million to 10 million or more wallets. Holders of three classes accumulated Altcoin even as prices rose. This indicates the potential for future rises in XRP prices.
Market movements and ripple lawsuits
Monday’s inauguration ceremony is the largest market mover in crypto. However, the rise in Ripplenet’s interagency adoption, the development of RLUSD Stablecoin, and the SEC’s lawsuit against Ripple are three key market activists that affect Altcoin’s prices.
Even if US financial regulators filed an appeal against Ripple on January 15th, Altcoin continued its rally. In July 2023, the decision by Judge Analisa Torres was classified as classified as unproof of XRP, and the SEC is attempting to classify these retail sales as unregistered securities sales.
Ryan Lee, chief analyst at Bitget Research, told Crypto.News in an exclusive interview.
“The XRP surge could be attributed to the positive outcomes of Ripple’s SEC litigation and the more crypto-friendly political situation in the US. If regulatory uncertainty is resolved, the influx of institutional investors would be It could further strengthen XRP’s position in the crypto market.”
It remains to be seen whether the Trump administration supports custody restrictions and whether it will affect the outcome of lawsuits against companies like Ripple Labs.
Technical analysis and XRP price forecast
The XRP is close to the highest ever high at $3.40. At the time of writing, the XRP was trading at $3.2385. A 22% price rally could boost XRP to price discovery. This is the 141.4% Fibonacci retracement level from a low of $1.9054 to a peak of $3.4000.
Technical indicators, RSI and MACD support XRP bullish papers. MACD flashes continuous green histogram bars. Traders need to skin their eyes as RSI shows that tokens are currently being over-acquired or overvalued.
If the fix occurred, XRP was able to find support at $2.6977 at the 50% Fibonacci retracement level.
James Toledano, COO of Unity Wallet, spoke to Crypto.News in an exclusive interview.
“Given XRP has been stuck at around $0.50 for literally three years, the momentum of the breakouts has been the latest in investor optimism about regulatory clarity and the potential for XRP ETFs the following month. Reflecting approval. If the XRP ETF is approved, it could open the floodgates for capital inflows, meaning it could reach new heights in 2025.”
Toledano warns XRP holders to be vigilant as Altcoins achieves volatility to the next level in the current market cycle.
He said:
“The Altcoin ETF has real potential to attract capital, especially when supported by innovation-friendly policies with a new, new US administration. But their success is one of the most interesting and attractive altcoin looks. Due to its seemingly episodic nature, it may not be very consistent compared to Bitcoin ETFs.
Look at the price fluctuations of Bitcoin this week. The factors are multifaceted. It can be said that Trump, seasonality, geopolitics, macroeconomics, and emotions are all mixed together. To play the devil’s advocates, we humans are patterns seekers, but sometimes there are hidden drivers, and the cause and effect are not always linked. ”
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.