The very volatile cryptocurrency was once again seen basking in green. Several assets were recovering from the recent correction that hit the market. Ripple’s XRP caught on to this trend and did not miss out on the gains. While the asset has emerged as one of the best-performing cryptocurrencies of 2024, the community is hoping it would carry this trend into 2025. This meant moving beyond the $4 mark and reaching as high as $5 in the next couple of months. But does XRP have enough momentum?
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Looking Back At XRP’s Growth
Throughout the past 12 months, Ripple’s XRP surged by a staggering 486%. The asset went from trading at a low of $0.3911 all the way to a high of $3.39. At the time of writing, the cryptocurrency was priced at $3.17 with a 3.60% rise over the past 24 hours. Despite its notable uptick, the asset remains well below its all-time high of $3.84.
The XRP community was seen celebrating the change in administration. As Gary Gensler resigned as the chair of the Securities and Exchange Commission (SEC), Mark Uyeda took charge. Ripple’s lawsuit with the SEC could see an end, now that pro-crypto interim Chair Uyeda is in charge.
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Q1 Price Prediction
According to data from CoinCodex, the XRP market will certainly enjoy uptrends over the next couple of months. While $5 is the goal, attaining it as early as the first quarter of the year might be a challenge. Nevertheless, the asset will surge all the was to a high of $4.79 in the month of March. This further translates to a notable rise of 50.90%.
It is evident that March is a bullish month for Ripple’s cryptocurrency. During this period, the asset will also reclaim its all-time high.
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