The pressure from the SEC on crypto companies seems to have lessened with the change in the U.S. government. XRP’s legal battle with the SEC has had a big impact on its price but things might change when Trump takes office. XRP has been gaining a lot of attention recently, with a 443% increase in November. At the time of writing, XRP is trading below the $2.50 mark. However, the resistance at $3 is proving to be a crucial hurdle.
Despite XRP bulls facing resistance at $3, top analyst Ali Martinez has pointed out that $XRP seems to be forming a bull flag pattern. However, the TD Sequential indicator recently flashed a sell signal on the 4-hour chart, suggesting that XRP could experience a short-term correction before breaking out above $2.46. If this happens, it could potentially send the price all the way up to $4!
Looking ahead, many believe that XRP’s fundamentals will improve in 2025, leading to increased demand and adoption. As more people hold onto XRP, it could create scarcity, making it more valuable over time.
Ripple (the company behind XRP) is also hopeful that the regulatory environment will improve under the Trump administration, which may be more crypto-friendly. Ripple has faced challenges in the U.S. due to legal issues with the SEC, but a change in policy could open new opportunities.
Additionally, Ripple recently got approval to launch RLUSD, a stablecoin, which could help make cross-border payments faster and cheaper. All these factors make people optimistic about XRP’s potential for both short-term and long-term growth. This is huge news for the crypto space, especially for XRP holders, as it signals further adoption of Ripple’s technology. Even Bitcoin is holding strong above $101k at the time of writing, supporting the bullish theory.
