XRPUSD has shown strong upward momentum recently. Coingape
data indicates a 5.94% surge in the last 24 hours. The market’s attention is
now on the SEC’s 15th January deadline to file its opening brief in the appeal
against Judge Torres’ ruling in the Ripple case. There is speculation that the
SEC might not pursue the appeal.
XRP Outflows Rise Ahead of SEC Deadline
The price increase is also supported by significant net
outflows of XRP from major exchanges. Binance reported outflows of $82 million,
Bybit $63 million, and OKX $59 million. In contrast, US investors on Coinbase
have shown caution, with inflows exceeding $65 million.
The upcoming SEC deadline has sparked discussion within the
XRP community. While some speculate the SEC may abandon the appeal, retired
securities lawyer Marc Fagel offered a perspective on litigation practices.
He noted that delays in filing briefs are common, commenting:
“In 30 years of litigation, the number of times I saw a lawyer file a brief
before it was due was roughly zero.”
XRPUSD Shows Bullish Momentum After Bounce
XRPUSD bounced at 2.33000 on the H1 chart and made a strong
bullish move yesterday (Monday). After a brief bearish correction and
consolidation, a bullish engulfing candle formed around 2.50000. Since then,
the price has been moving upwards. The 2.60000 level may act as resistance. A
bullish breakout at this level could add further momentum on the intraday
charts.
Ripple’s Recent Developments Capture Industry Focus
Ripple, the company behind XRP, has gained attention due to
CEO Garlinghouse and Chief Legal Officer Alderoty attending
a private dinner with President-elect Donald Trump on January 6, which
Garlinghouse called a positive start to 2025. This has sparked speculation
about Ripple’s legal dispute with the US Securities and Exchange Commission
(SEC), which filed a lawsuit in December 2020, alleging Ripple sold XRP tokens
as unregistered securities.
In another development, all
banks in Japan are expected to adopt Ripple’s XRP Ledger in 2025. This
integration, announced by SBI CEO Yoshitaka Kitao, aims to improve cross-border
payments and currency conversions, providing a more efficient solution for
international remittances.
EARTH-SHATTERING NEWS!!!In Japan, almost every bank is starting to adopt #XRPDavid Jevans, RakutenDec, 2019 pic.twitter.com/MHALlO3F5t
— Bull Diep (@DiepSanh) December 27, 2019
Ripple has also made strides in decentralized
finance (DeFi) through a partnership with Chainlink. The collaboration
integrates Ripple’s RLUSD stablecoin with DeFi applications on the Ethereum
blockchain, offering trading and lending options. The RLUSD, pegged to the US
dollar, was introduced on both Ethereum and XRP Ledger networks last month,
with a market cap of $72 million, according to CoinGecko.
Why Is XRP Rising Today?
XRP’s recent increase may be due to the $2 level serving as
a key psychological support. Market attention is also focused on the SEC’s 15th
January deadline to submit its opening brief in the appeal against Judge
Torres’ ruling in the Ripple case. Speculation suggests the SEC might not
continue with the appeal.
What Could XRP’s Price Be in 2025?
Price projections for XRP in 2025 vary widely. Some
conservative estimates range from $1.35 to $2.50. Analyst Levi Rietveld
predicts a higher range of $20–23, with more optimistic views suggesting up to
$70.
Does XRP Have Long-Term Potential?
XRP appears to have long-term potential, particularly in the
fintech sector. Its role in cross-border payments and growing partnerships in
regions like Asia, Africa, and Latin America could support continued growth. By
2027–2028, further integration into traditional finance may occur.
Is $500 Realistic for XRP?
A $500 price for XRP seems unlikely in the near term, as it
would require a market cap of $26 trillion. More realistic projections suggest
a target of $15–25 by 2030. According to Grok AI, $500 might be possible only
with widespread global payment adoption after 2030.
This article was written by Tareq Sikder at www.financemagnates.com.
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