CandleFocus XRP Hits a New All-time High at $3.39 After Nearly Seven Years
2025-01-16
Author: Content Editor
XRP has reached an all-time high of $3.39, surpassing its previous peak in 2018. The altcoin has gained 15% in a day and 40% in January. It currently has a market cap of nearly $193 billion, making it the third-largest cryptocurrency. The commonly cited all-time high of $3.84 is misleading, as the altcoin was never available to buy or sell at that price. This misconception is due to the "Kimchi Premium," which inflates prices in South Korean markets. XRP has struggled in previous bull markets due to a lawsuit from the SEC, but it has found new life since Donald Trump's re-election, with expectations of pro-crypto regulations and a leadership change at the SEC. The SEC recently appealed a decision regarding XRP sales, but it is anticipated that the lawsuit will be dropped under the new leadership. The XRP community is currently bullish after the all-time high.
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