XRP’s Path to $13: XRP Bulls Accelerates Price Surge
The native cryptocurrency of Ripple, XRP, has had a significant upswing, rising 14.45% over the past day and laying the groundwork for a rise to $3 and higher. Strong bullish momentum is demonstrated by the 144.43% increase in daily trading volume to over $10 billion, and the XRP price spike to $2.44 today.
The spike occurred after the latest correction in the cryptocurrency market when the bulls defended the $2.0 support. Well-known analysts forecast a spike to $13 and above. Additionally, as 2025 approaches, Brad Garlinghouse, the CEO of Ripple, has alluded to developing real-world utility.
XRP Targets $3 Breakout as Analysts Eye $10+ in 2025
Critical resistance levels to watch in the upcoming sessions are $2.60, $2.65, and $2.75, according to cryptocurrency analyst EGRAG Crypto. A bullish breakout over $3 can be indicated if these barriers are broken, opening the door for higher price goals. The wider momentum may also be bolstered by the XRP whale activity.
Forecasting double-digit price objectives and new all-time highs above $10, market analysts are still optimistic about the Ripple cryptocurrency as it moves into 2025. Moreover, based on the altcoin’s technical configuration, analysts are too optimistic about it since they believe the XRP lawsuit will soon come to a close.
Ripple Pledges $5M XRP for Trump: Market Sees Record Liquidations
Ripple Labs has released 500 million XRP from the escrow as of the beginning of 2025, but with a special notice. According to the memo for this transfer, “January 20th is around the corner. Donald Trump will be in the WH, and we are going to make crypto great again!” Ripple pledged $5 million worth of XRP for Trump’s inauguration.
Later today, Ripple, which regularly unlocks one billion XRP coins, will start the second round of releases. Strong liquidations for the cryptocurrency have resulted from today’s spike in XRP’s price. The 24-hour liquidations have surged to $14.38 million, with roughly $12 million in short liquidations, while the open interest in XRP has increased by 28% to $2.5 billion, according to Coinglass statistics.
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