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Ripple’s XRP 6.8% Away From Peak: When Will It Reclaim $3.40?

Ripple’s XRP 6.8% Away From Peak: When Will It Reclaim $3.40?

WatcherWGuru
Author:
WatcherWGuru
Release Time:
2025-01-25 17:00:00
0

Ripple’s XRP token has had quite a breakout over the last few weeks. The asset breached the $3 mark for the first time in seven years. The asset is currently only 6.8% away from its all-time high of $3.40. XRP peaked on Jan. 7, 2018, more than seven years ago.

XRP Inching Closer To New Peak

Ripple XRP Triangle

Source: AscendEX

Ripple’s XRP token has rallied 1.7% in the daily charts, 37% in the 14-day charts, and 38.8% over the previous month. The asset’s price has also risen by 515.9% since January 2024. Despite the rally, the asset is down 4.3% in the weekly charts. The asset may be on its way to a new all-time high.

Ripple XRP price chart

Source: CoinGecko

The latest market resurgence could be due to Donald Trump signing an executive order to set up a digital asset stockpile in the US. XRP could be one of the tokens the US government includes in its coffers.

When Will The Asset Hit A New All-Time High?

According to CoinCodex, XRP’s price will consolidate around current levels till late March 2025. The platform anticipates the asset to hit a new peak of $3.45 on Mar. 30, 2025. CoinCodex does not expect XRP to stop at $3.4. The platform predicts XRP to hit $4.73 on Apr. 9, 2025. Hitting $4.73 from current price levels will translate to a rally of about 49.21%.

XRP price prediction

Source: CoinCodex

There is also a possibility that Ripple’s XRP token will take longer to breach the $4 mark. The Fed has taken a hawkish stance with its monetary policy for 2025. The Fed has announced only two interest rate cuts this year instead of the expected three. The development could cast a shadow on XRP hitting $4 in Q1 2025.

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.

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