XRP News Today: Price Hit $3 Milestone, Will $XRP Reach $10 Soon

16-01-2025 By: Deep Upadhyay
XRP News Today: Pric

XRP News Today: $XRP Surges Past $3 for the First Time Since 2018

XRP has made headlines with a significant rally, crossing the $3 mark for the first time since 2018. This upward momentum, fueled by favorable legal and regulatory developments, has sparked interest among investors and raised questions like, “Why XRP is going up?”

XRP News Today: Why $XRP is Going Up? 

XRP price analysis over the past week reveals a steady increase, with the current price at $3.08, marking a 32.72% rise. Market capitalization increased by 7.92% to $176.86B, while the 24-hour trading volume surged 74.37% to $22.96B. The fully diluted valuation (FDV) reached $307.34B. The chart shows a gradual upward trend, with a significant spike in the last two days as the price rose from $2.30. 

Source: CoinMarketCap

The ongoing XRP lawsuit update today involving the SEC continues to dominate headlines, with recent developments hinting at a possible advantage for Ripple Labs. Optimism surrounding a shift in the SEC’s enforcement policies under the incoming Trump administration is also playing a pivotal role.

Market experts suggest that the SEC’s challenges in overturning rulings in the Programmatic Sales of XRP case have bolstered confidence in Ripple XRP. Attorney John E. Deaton has highlighted the complexities of the SEC’s appeal and its potential failure, which could set a legal precedent benefiting the broader crypto market.

Additionally, speculation around pro-crypto regulatory changes, including the potential for XRP exchange-traded fund (ETF) approvals, has amplified positive sentiment. This shift could attract billions in investments, further supporting XRP's growth trajectory.

$XRP Performance and Price Prediction: Will XRP Reach $10?

Over the past week, XRP price experienced significant growth, with market capitalization climbing to $176.86 billion and daily trading volume surging to $22.96 billion. Analysts cite bullish investor sentiment and Ripple’s strong legal stance as driving factors.

However, technical indicators, such as overbought signals and bearish RSI divergence, suggest caution. A short-term correction toward the 20-day EMA at $2.52 could be possible. Nonetheless, the symmetrical triangle pattern seen in the charts hints at a potential rally to $3.80 by month’s end. While $10 remains a distant target, the combination of regulatory shifts and a favorable lawsuit outcome could pave the way for such growth. 

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