The Ripple (XRP) price reached a price of $3 on January 15, 2025 for the first time since the year 2018. The price increase corresponds to the overall positive trend in the market and the expectations of the changes in regulation under the administration of Donald Trump. Top analysts have predicted $6 as the key level for XRP, driven by solid indicators and increasing demand.
XRP price hits $3 as analysts eye $6 target amid bullish momentum
According to the latest crypto bull, XRP price rose over 16% to trade at $3 in the January 15 US trading session. The cryptocurrency was able to achieve this for the first time since December 2018. The Ripple token rose amid the crypto market’s recovery, with investors optimistic about the incoming Donald Trump administration.
In addition, the ongoing crypto rally has led Bitcoin price to regain the $100,000 level, signaling renewed market optimism. BTC’s market cap surpasses this psychological milestone and approaches $2 trillion, fueled by growing institutional interest and increasing adoption.
Analyst EGRAG Crypto predicts a further rally for XRP, citing a recovery from $2.88 within the 4-hour period. The analyst suggests a potential rise to $6.4, supported by rising momentum and strong support from the XRP community.
Market recovery and regulatory speculation are driving price gains
The broader cryptocurrency market experienced a rebound, with XRP outperforming several other major digital assets. The rally coincided with reports suggesting possible regulatory easing under Donald Trump’s administration. Speculation surrounds US SEC reconsiders some lawsuits against crypto companies.
Reports suggest that Paul Atkins, as the new SEC chairman, may pause pending cases involving companies such as Coinbase and Ripple. However, Senate approval is required for Atkins’ appointment, and it remains uncertain how the new leadership will handle existing lawsuits.
In the meantime, have XRP trial between Ripple and the SEC continues to evolve with critical developments. Both parties have agreed to file a deferred action for the joinder appeals, pending the SEC’s opening brief tomorrow. As Donald Trump prepares to take office, market participants remain alert to developments that could affect regulatory decisions.
Ripple Price Action
Meanwhile, XRP’s market capitalization rose to $171.5 billion after the latest price hike, keeping it as the third largest cryptocurrency. Bitcoin remains the most capitalized at $2 trillion while Ethereum stands at $402 billion.
The recent move in the XRP price has rekindled interest in the cryptocurrency as volumes pick up, suggesting investors are turning bullish. Experts have suggested that for Ripple token to rise against $6 there must be a continuous upward trend and favorable regulation.
Additionally, the Moving Average Convergence Divergence (MACD) indicator indicates bullish trend in the XRP price when the MACD line crosses above the signal line. The rising histogram bars also show growing bullish strength. These indicators are consistent with the recent price rally above $2.96, confirming positive market sentiment.
Disclaimer: The content presented may contain the author’s personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication has no responsibility for your personal financial loss.
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