Ripple (XRP) price touched a price of $3 on 15th January 2025 for the first time since the year 2018. The price increase corresponds to the overall positive trend of market and the expectations on the changes in the regulation during the Donald Trump’s administration. Top analysts have predicted $6 as the key level for XRP, fueled by solid indicators and increasing demand.
XRP Price Hits $3 as Analysts Eye $6 Target Amid Bullish Momentum
According to the recent crypto bull run, the XRP price rose above 16% to trade at $3 in the US trading session on 15th January. The cryptocurrency was able to achieve this for the first time since December of 2018. The Ripple token rose amid crypto market recovery, with investors optimistic over the incoming Donald Trump administration.
Moreover, the ongoing crypto rally has led Bitcoin price to reclaim the $100,000 level, signaling renewed market optimism. Surpassing this psychological milestone, BTC’s market cap approaches $2 trillion, fueled by growing institutional interest and increasing adoption.
Analyst EGRAG Crypto forecasts a further rally for XRP, citing a rebound from $2.88 in the 4-hour timeframe. The analyst suggests a potential climb to $6.4, supported by rising momentum and strong backing from the XRP community.
Source: X
Market Recovery and Regulatory Speculation Drive Price Surge
The broader cryptocurrency market experienced a rebound, with XRP outperforming several other major digital assets. The rally coincided with reports suggesting possible regulatory easing under Donald Trump’s administration. Speculation surrounds the U.S. SEC reconsidering certain lawsuits against crypto companies.
Reports indicate that Paul Atkins, as the new SEC chair, may pause in ongoing cases involving firms like Coinbase and Ripple. However, Senate approval is required for Atkins’s appointment, and it remains uncertain how the new leadership will manage existing lawsuits.
Meanwhile, the XRP lawsuit between Ripple and the SEC continues to unfold with critical developments. Both parties have agreed to file a deferred appendix for the cross-appeals, while the SEC’s opening brief is due tomorrow. As Donald Trump prepares to take office, market participants remain attentive to developments that could affect regulatory decisions.
Ripple Price Action
Meanwhile, XRP market capitalization rose to $171.5 billion after the latest price hike, keeping it as the third largest cryptocurrency. Bitcoin is still the most capitalized at $2 trillion while Ethereum stands at $402 billion.
The recent jump in the XRP price has sparked interest in the cryptocurrency once again as volumes rise suggesting that investors are turning bullish. Experts have suggested that for Ripple token to rise towards the $6 mark there has to be continuous upward trend and favorable regulation.
Besides, the Moving Average Convergence Divergence (MACD) indicator indicates bullish trend in XRP price as the MACD line crosses above the signal line. The rising histogram bars also highlight growing bullish strength. These indicators align with the recent price surge above $2.96, confirming positive market sentiment.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
