XRP Price Reaches All-Time High of $3.40 Amid Bullish Sentiment
XRP has reached an all-time high (ATH) of $3.40, driven by several key factors:
- Donald Trump's openness to a crypto reserve that includes XRP.
- The initiative aims to promote cryptocurrencies founded in the US, enhancing adoption for XRP and others.
- Crypto whales accumulated 1.43 billion XRP over two months, contributing to price momentum.
- Trading volume surged by 7% in the last 24 hours, with $24.18 billion traded.
- The SEC's appeal against Ripple does not contest that XRP is not a security, which is viewed positively.
The outlook for XRP remains bullish due to:
- Trump's potential administration change on January 20, which may accelerate the crypto reserve's formation.
- Pro-crypto Paul Atkins could become the next SEC Chair, possibly leading to dropped appeals against Ripple and approval of pending XRP ETF applications.
- Analysts predict XRP could break its ATH and reach between $8 and $13.
Currently, XRP is trading at approximately $3.34, reflecting a 7% increase in the past 24 hours.
