CandleFocus XRP Nearly Sets New All-Time High Price After 45% Spike
2025-01-16
Author: Content Editor
XRP, the cryptocurrency linked to Ripple, came close to reaching its all-time high price of $3.40, set in January 2018. It peaked at $3.38 before falling back to $3.30, still up 10% in the past 24 hours. XRP has seen significant gains in the past week, rising by 45% and experiencing a total increase of 560% since November 5, attributed to anticipation over Trump's incoming administration and the potential approval of XRP ETFs under the SEC led by Trump's SEC Chair. Despite ongoing legal battles between Ripple and the SEC, the agency has filed an appeal seeking a reversal of the court's previous classification of XRP. Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty recently met with Trump, indicating positive sentiment for XRP's future.
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