XRP’s (XRP-USD) price surged on January 1, 2025, with a dramatic 11.92% spike, marking its largest daily return since December. The surge follows a significant move by Ripple, which transferred 500 million XRP tokens—valued at over $1 billion—from its escrow account. According to U.Today, the transaction included a provocative note: “January 20th is around the corner. Donald Trump will be in the WH, and we are going to make crypto great again!” This bold statement seems to have fueled the excitement, coinciding with Ripple’s growing momentum in the market.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Ripple CEO’s Vision for 2025 Powers XRP’s Rally
Ripple’s recent gains come at a time when CEO Brad Garlinghouse expressed his excitement for the upcoming year. He shared on social media that he is “excited for the year ahead,” highlighting Ripple’s continued focus on building “real world utility” as a key driver. Ripple has been on a winning streak, overcoming legal hurdles with the SEC while making moves like acquiring Standard Custody to secure a U.S. charter and launching the RLUSD stablecoin. These efforts have led to XRP’s market cap reaching $137 billion, surpassing Tether (USDT-USD).
XRP’s Bullish Momentum Set to Continue
XRP’s rise isn’t just about token transfers. The open interest in XRP surged by 25% in early January, signaling that new money is entering the market. Additionally, XRP’s bullish market structure suggests that the price could continue to climb, with key resistance levels between $2.50 and $2.60. If XRP manages to break through these levels, it could see new yearly highs, fueling further excitement. With Ripple’s strategic moves and a favorable outlook for 2025, XRP is positioning itself for a strong year ahead.
At the time of writing, XRP is sitting at $2.3887.
