Ripple XRP has made significant waves over the last month, surging over 200%. With its recent momentum, the asset is looking to reach $3 soon. XRP is also outperforming Bitcoin (BTC) and Solana (SOL) in December, making it a premium choice for crypto investors. How high could Ripple’s native cryptocurrency trade at the start of 2025?
Several crypto assets recorded a major downfall over the past day, including Ripple XRP. While the market is betting on the altcoin pushing past $3, the latest drop created a massive hurdle. The asset dropped by more than 12% on Thursday but has since rebounded slightly. Ripple is one of the most trending cryptocurrency tokens. The token has a lot going on, with the pro-crypto regime taking over the US political domain. The fact that Donald Trump was able to appoint a new SEC chair speaks volumes about his seriousness concerning the crypto domain, which, in turn, has boded well for XRP’s future.
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Under the leadership of Gary Gensler, the US SEC was embroiled in a heated legal spat with Ripple. Now that the regime change is around the corner, Ripple investors are hoping for an optimistic end to this mayhem, helping the token to trade freely on all grounds. Following Gensler’s departure, Ripple XRP surged and may climb further once Trump officially takes office.
Furthermore, the Ripple Ecosystem is constantly evolving, attracting new global collaborations that are helping XRP find a new footing in the institutional domain. The launch of RLUSD, Ripple’s stablecoin, is also adding strength to the current market, fueling XRP euphoria up a notch. If RLUSD succeeds, XRP could enter 2025 with a bang. Currently, price predictions for the asset are bullish, meaning that $3 could come as soon as New Year’s.
