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In 2024, XRP soared by 225%, what results await the token in 2025?

In 2024, XRP soared by 225%, what results await the token in 2025?

HappyCoinNewsHappyCoinNews2025/01/03 14:11
By:HappyCoinNews

The past 2024 was a rather calm year for XRP , since most of it token traded in a narrow range from $0,4 to $0,6, but that was until November.

Everything changed a few weeks after Donald Trump's re-election on November 5, when less than a month later XRP soared from around $0,6 to nearly $3. The most likely reason for this impressive jump was the upcoming regulatory changes in the US.

Donald Trump has promised to fire Gary Gensler, the head of the regulator who sued the issuer XRP Ripple However, Gensler did not wait to be fired and announced his resignation before the end of the year.

XRP reacted to this news with a quick rise to $3, followed by a correction below $2, then the token managed to recover a little and finish the year at $2,08. This means that its annual growth was approximately 225%.

XRP /USD Data: TradingView

Artificial Intelligence Tool Chat GPT set the task to describe the potential XRP in 2025 and list the key factors that could help the token continue its growth to a new all-time high above $3,4.

The main role Chat GPT referred to Paul Atkins, Trump's pick to be the new SEC chairman. He has a rich history of dealing with cryptocurrencies and could stop the prosecution. Ripple .

In addition, the chatbot highlighted the growing likelihood of the creation of a ETF on the base XRP , similar to the funds approved for BTC and ETH in 2024. Such products not only increase interest in the underlying asset, but also attract new funding, which leads to an increase in their price.

Referring to popular analysts, technical indicators and the above mentioned factors, Chat GPT came to the conclusion that this year the price XRP could peak at $7, double its previous peak. In that case, its market cap would rise to about $400 billion, the same as Ethereum .

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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