This is one of the most significant gains of the past two month. Ripple (XRP) The token’s price has risen by more than 234% over the past 30 days as traders expect it to surpass $5 in 2025. The cryptocurrency is a hot topic among traders as the US President elect Donald Trump enters his second non-consecutive presidential term.
The entire crypto market saw a huge boost in November after Trump won the election. XRP has been battling with current administrations’ legal issues for a while now. US Securities and Exchange Commission (SECThe future of the whole industry may lie with this company.
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Ripple at $5? 2025 Could be a game-changing year for XRP
Over the past month, there has been an unmatched bull run in cryptocurrency. The value of the cryptocurrency market has skyrocketed, with November bringing a multitude of new firsts to the industry. Bitcoin reached a new high of $100,000 for the very first time.
Ripple has been one of biggest winners, and XRP, which is a cryptocurrency, could reach $5 highs in 2025. This is based off its recent performance. It has been an outstanding performer. But can it exceed its current high of $3.84 within 12 months?
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According to a report by XRP, the price of XRP has increased more than 235% in just 30 days. CoinMarketCap Data at the end the week. Moreover, the price has maintained above $2.43 for the entire week. Even though its trading volume and market cap remained steady, the company had hoped to keep up some momentum that it gained in January.
There is a lot of optimism due to the bullish pattern on its chart. XRP, in particular, saw a pattern of a bullish-flag start to form late October. Ripple’s current chart confirms the Elliott wave correction. Along with the pattern, XRP remained above both 50 and 100 day moving averages.
Ripple is still able to grow. To confirm this pattern, the token needs to rise above $2.90. The asset may be able to reach the psychological $3 level. The positive vibes from Trump’s victory and Ripple stablecoin’s launch are still present, so a target of $5 for XRP is possible in the next year.
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Source: watcher.guru
