XRP Price and It's Moving Average Trends. Source: TradingView


December 10, 2024 Tags:

XRP, the cryptocurrency created by Ripple Labs, has been lagging in recent years, but recent developments suggest that things are about to change. While a $100 price tag for XRP may sound far-fetched, there are several key factors that could drive the digital currency to new heights in 2025.
1. Legal Troubles Are Coming to an End: XRP’s journey has been slowed down due to its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). However, there’s hope that this issue could soon be resolved. With Donald Trump potentially returning to office and appointing crypto supporter Paul Atkins to head the SEC, many believe that the legal challenges Ripple faces could be dropped. This would allow XRP to thrive, as demand for the coin would be unleashed in 2025.

2. Trump’s Support Could Boost XRP: Another reason XRP could surge to $100 is the anticipated regulatory clarity under Trump’s leadership. Trump has expressed support for the cryptocurrency industry, which could attract institutional investors to XRP. Notably, major firms like BlackRock are rumoured to be eyeing XRP, which could open the floodgates for capital inflows. If these firms invest, XRP could see a dramatic rise, similar to Bitcoin’s growth when ETFs were introduced.

Revolutionizing Global Remittances XRP has a strong position in the global financial system due to Ripple’s on-demand liquidity (ODL) service, which facilitates cross-border payments. This service is already used by institutions like Santander Bank, offering a more efficient and cost-effective solution for international transactions. As Ripple continues to expand its partnerships, XRP could capture a larger share of the $7.5 trillion global remittance market, driving up demand and its price.

3. Ripple’s Role in Central Bank Digital Currencies (CBDCs): Central banks worldwide are working on digital currencies, and XRP is well-positioned to play a key role in this space. Ripple’s Ledger could act as a bridge between these central bank digital currencies, offering a neutral platform for smoother value transfers. As the use of CBDCs grows, XRP’s value could rise dramatically as it becomes the go-to solution for cross-border digital payments.

This news highlights predictions for the price of XRP in 2025, based on data from the Brave New Coin XRP Price Liquid Index.

The Bottom Line, XRP’s utility goes beyond speculation. It’s already solving real-world problems with faster and cheaper cross-border transactions. If Elon Musk integrates crypto payments into X (formerly Twitter), XRP could become a major player in that ecosystem as well. The combination of regulatory clarity, institutional investment, and growing real-world use cases makes a $100 XRP price possible in 2025.

While this prediction may seem ambitious—given that it would represent a 3900% increase from its current price—the crypto market has shown that rapid growth is possible, especially for digital currencies that offer real-world applications. With the right market conditions and adoption, XRP could hit $100 sooner than we think.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

You may also like

Bank of Canada to End Quantitative Tightening Soon

The Bank of Canada (BoC) is set to conclude its quantitative tightening (QT) program in the coming months, Deputy Governor....

Wall Street Gains Boost Asian Stocks; Inflation Data Offers Hope

Asian stock markets climbed on Thursday, building on a strong Wall Street rally fuelled by signs of easing inflation in....

XRP Price Set For 2025 Surge: Ripple’s Big Bet On The Future

Ripple’s cryptocurrency, XRP, is positioned for notable gains as the incoming administration under President-elect Donald Trump signals a crypto-friendly approach.....

Mixed Asian Markets As Big Tech Drags Wall Street Performance

Asian markets showed a mixed performance on Tuesday, mirroring Wall Street’s fluctuating trend. Gains in oil and gas stocks partially....

Why Jamie Dimon Still Believes Bitcoin is a “Ponzi Scheme”

Jamie Dimon, CEO of JPMorgan Chase, reaffirmed his long-standing critique of Bitcoin during a recent appearance on CBS's "60 Minutes."....

BMO Stock Gains After RBC Upgrade and Price Target Boost

The Bank of Montreal (BMO) experienced a stock price surge on Wednesday following a significant endorsement from RBC Capital Markets.....

Why the Stock Market Could Be Heading for a Crash Soon

As we enter a new year, a pressing question on many investors' minds is whether stock markets will continue to....

Asian Markets Drop as Wall Street Struggles Despite U.S. Gains

Asian stock markets faced losses on Wednesday, following a sharp decline on Wall Street. This occurred despite promising U.S. economic....

Texas Banks Avoid Ban by Exiting Climate-Focused Alliance

Texas Attorney General Ken Paxton recently decided not to restrict major Wall Street banks from municipal bond dealings after they....

2025’s Top Investment Themes: Inflation, Politics, and Economy

Desjardins has released its 2025 financial outlook, highlighting key factors that could influence the stock market this year: inflation, interest....

S&P/TSX Falls After Trudeau Resignation; U.S. Markets Mixed Trends

The Canadian stock market experienced a slight dip on Monday, with the S&P/TSX composite index closing down 73.75 points at....

Asian Currencies Slide to 20-Year Low, Stocks Stay Mixed

Asian stock markets showed a mixed performance after Wall Street ended its post-holiday lull, with declines observed in Tokyo and....