With big things expected from the cryptocurrency market this year, there is no shortage of excitement. Among the highest potential tokens is Ripple, which jumped 2% Friday on news that a Spot XRP ETF was nearing, leading many to question just how high the crypto can go in this January to kick off 2025.
Since the month of November, XRP has been one of the biggest gainers throughout the industry. Moreover, with its legal challenges likely to be behind it this year, those kinds of price jumps are expected to continue. The asset’s price potential over the next several weeks looks to paint an interesting picture of how it could perform throughout the next few months.
Ripple Gets Boost From ETF News
Also Read: Ripple President Says Spot XRP ETF is ‘Next in Line’
The last several years have certainly not been easy for Ripple. Indeed, the cryptocurrency firm has struggled with ongoing regulatory conflicts in the United States. Those troubles resulted in a years-long court battle with the US Securities and Exchange Commission (SEC). However, things are expected to change.
Like much of the overarching cryptocurrency market, favorable regulation is expected this year. The return to the White House for US President-elect Donald Trump and his pro-crypto administration should help a host of projects immensely.
Indeed, Ripple recently jumped as much as 2% Friday as its president, Monica Long, noted an XRP ETF is inching closer; but what does that mean for the crypto’s potential for January 2025?
The token ended the week trading above the $2.30 mark following positive optimism. Moreover, it has continued to surge since November of last year. The asset has increased more than 309% over the last twelve months, according to CoinMarketCap.
What Is XRP’s Ceiling to Kick Off 2025?
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The next several months should continue the string of good for the company. According to a GSR research analyst, Ripple is awaiting what could be a massive legal win. Specifically, if an SEC appeal is dismissed or the new SEC leadership opts to settle, things could get parabolic for the token.
Yet, with that uncertainty still present, the asset is predicted to reach a high of $2.57 in January, according to cryptocurrency market prediction platform CoinCodex. However, things are projected to increase significantly at a rapid rate.
According to the platform, XRP should surpass the $3 mark in March. That won’t be all, as that month will see it reach a maximum price of $4.60 in an unprecedented rally. A surge to that price would see Ripple jump a remarkable 97% from the $2.34 price it held Friday.
