With the asset surging over the last month, Ripple (XRP) may well be on its way to setting a new all-time high of $4 in 2025, with traders anticipating when the landmark could be set. The asset has been one of the key winners of the November bull rally, but it could be just the beginning for the crypto.
Amid the 2024 presidential election win for Donald Trump, the entire cryptocurrency market skyrocketed. With Bitcoin reaching six figures for the first time in its history, it has proved to be a rising tide lifting all boats. However, with an interesting landscape set to emerge in the coming year, XRP could be set to reach unprecedented heights.
Also Read: Can Ripple (XRP) Reach $3 Before 2025?
Ripple XRP November Rally Could Set the Stage for $4 All-Time High in 2024
There are few cryptocurrencies that represent the ongoing shift in perspective, as well as XRP. The token had been the subject of an ongoing legal battle between the US Securities and Exchange Commission (SEC) and Ripple. Yet, with Donald Trump’s impending arrival, the asset has skyrocketed in value.
The crypto has surged a remarkable 340% over the last month, according to CoinMarketCap. Moreover, it is up over 34% in the last week to trade above the $2.30 mark. Now, amid those increases, Ripple (XRP) appears bound for a $4 price in 2025, but when could it happen?
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Reaching the mark would have the asset reach its highest price since it traded at $3.84 seven years ago. Indeed, amid its ongoing increase, CoinCodex predicts XRP to reach a record price in April 2025. Although it doesn’t predict the asset to sustain the mark, it does note that it will trade at a maximum price of $40.8 just four months into the new year.
A lot of its performance depends on the aforementioned SEC lawsuit. If the agency drops the legal battle, the asset should be poised to skyrocket. With Paul Atkins appointed by Trump, that is a high possibility. However, many expect the lawsuit to continue with several key individuals maintaining a position with the agency despite Gary Gensler’s resignation.
