XRP News: Bulls Maintain Momentum as XRP Price Surges Past Key Resistance Levels

XRP price has recently shown a strong upward trend, breaking through significant resistance levels and setting the stage for potential further gains. This article delves into the key developments and what they mean for the future of XRP.

XRP Price Sets the Stage for More Gains: Bulls Hold the Momentum

XRP price has initiated a fresh increase from the $3.00 support zone, successfully surpassing the $3.050 and $3.120 resistance levels. Currently trading above $3.120 and the 100-hourly Simple Moving Average, XRP is forming a connecting bullish trend line with support at $3.10 on the hourly chart of the XRP/USD pair. The cryptocurrency's price movement indicates potential for further gains if it maintains above the $3.10 support level and clears the $3.2250 resistance. This analysis is based on data sourced from Kraken.

Will Ripple’s XRP Hit $5 In Q1 of 2025?

Ripple’s XRP has shown significant growth over the past year, surging by 486% from a low of $0.3911 to a high of $3.39. Currently priced at $3.17, the cryptocurrency has seen a 3.60% rise in the last 24 hours. The community is hopeful that this upward trend will continue into 2025, potentially pushing the price beyond $4 and reaching $5 in the next few months. However, the question remains whether XRP has enough momentum to achieve this milestone.

Ripple: AI Predicts XRP’s Price For January 25, 2025

Ripple (XRP) is currently heading towards claiming a new independent price path as the US regime change has now completed its last phase. On January 20, US President Donald Trump took the oath to assume his official presidency, marking an era of renewed cryptocurrency resurgence. The change in administration with Uyeda acting as the US SEC chair has a plethora of benefits for the industry as a whole. Will XRP be able to display its best price performance to date in the coming days? Let’s find out.

Ripple vs. SEC Settlement Rumors Gain Momentum: Here’s Why

Speculation is rising that the SEC’s upcoming closed meeting under new Acting Chairman Mark Uyeda might address the Ripple lawsuit, but experts warn against expecting major developments. Despite Gensler’s exit, the Ripple-SEC legal battle continues, with disputes over XRP’s classification and an ongoing appeal delaying resolution. The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) remains ongoing despite numerous legal developments and changes in the agency’s leadership. Recall that the regulator’s Chairman, Gary Gensler, officially stepped down on January 20 and was replaced by crypto proponent Mark Uyeda. The Commission has scheduled its first closed meeting under the new Acting Chairman for January 23, causing the XRP Army to speculate.