XRP (XRP-USD) has surged to a seven-year high, touching $3.20 on January 15, despite the SEC’s latest appeal in its legal battle with Ripple. The XRP token is up 35% in the past 5 days, fueled by Ripple’s partial legal victories and growing optimism around regulatory clarity. Ryan Lee from Bitget Research noted, “XRP’s surge can be attributed to favorable outcomes in Ripple’s SEC lawsuit and a more crypto-friendly political climate in the U.S.”
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Spot ETF Approvals Could Boost XRP Further
As President-elect Donald Trump’s inauguration approaches, excitement is mounting over potential pro-crypto policies, including XRP-focused exchange-traded funds (ETFs). JPMorgan estimates these ETFs could attract $3 billion to $6 billion in net investments, mirroring Ether ETF adoption rates. Preliminary SEC decisions on XRP ETFs are expected by the end of January, with key deadlines on January 23 and 25.
Futures and Trading Volumes Show Bullish Momentum
XRP’s rally is backed by robust trading activity, with spot market volumes tripling to $23 billion in just 24 hours, according to Coingecko. Derivative markets are equally strong, with perpetual futures open interest hitting a record 2.34 billion XRP. Funding rates, reflecting leveraged positions, remain healthy at 13%, signaling sustained bullish sentiment.
The momentum from Ripple’s legal progress and the broader crypto recovery seems to indicate that XRP’s path to new highs in 2025 seems increasingly plausible.
At the time of writing, XRP is sitting at $3.1709.
