Ripple, one of the most promising tokens in the cryptocurrency market, saw a 2% jump on Friday following news that a Spot XRP ETF was nearing approval. This development has sparked excitement among investors, who are now speculating on how high Ripple can go in January 2025.
Since November, XRP has been one of the top performers in the industry, with its price steadily increasing. The cryptocurrency has also been plagued by legal challenges, particularly in the United States, where it has been embroiled in a lengthy court battle with the SEC. However, with favorable regulation expected this year, Ripple is poised for a turnaround.
The return of US President-elect Donald Trump, known for his pro-crypto stance, is expected to benefit Ripple and other projects in the industry. Ripple’s president, Monica Long, has hinted at an imminent XRP ETF, further boosting optimism around the token.
According to CoinMarketCap, XRP has surged by over 309% in the last twelve months, indicating strong growth potential. Analysts predict that the token could reach a high of $2.57 in January, with further increases expected in the coming months.
CoinCodex forecasts that XRP could surpass the $3 mark in March, reaching a maximum price of $4.60 in an unprecedented rally. This would represent a 97% jump from the price it held on Friday.
Overall, the outlook for Ripple in 2025 looks positive, with potential legal wins and regulatory developments driving the token’s price higher. Investors are closely watching how high XRP can go in the coming months, as the cryptocurrency market continues to evolve.