XRP Surge Has Analyst Projecting Jump to $4.89: Here’s When

Joshua Ramos
XRP large transfer
Source: Watcher Guru

After a slow start to the year, the cryptocurrency market has seen a rally take over for the last two days. Indeed, a host of assets have been propelled, led by Bitcoin’s surge above the $105,000 mark. A key winner Friday was Ripple (XRP), whose surge has analysts projecting a jump to $4.89, but when?

There are few cryptocurrencies that entered the year with as much potential as XRP. Yet, that has only increased with the asset potentially entering into discussions as part of a key crypto reserve for US-based tokens. Amid that potential, all eyes are on the ceiling for the token as the market approaches a massive shift in the United States.

Ripple xrp golden coin stacks
Source: Decrypt

Also Read: Donald Trump’s SEC to Revamp Crypto Policy & May Pause Enforcement

Ripple XRP Jumps Almost 40% Last Week: How High Can It Go This Year?

There are few cryptocurrencies that have had as tough a go the last few years as Rippel has had. Indeed, the firm has sought to fend off an ongoing attack from the Biden Administration’s US Securities and Exchange Commission (SEC). However, things are expected to change in a big way on Monday, when US President-elect Donald Trump is officially inaugurated.

His presence is expected to come with a stark revamp to the country’s current crypto policy. Among the biggest beneficiaries will be Ripple. Moreover, that will likely impact the price of its native token in a big way. With a surge taking place over the last week, XRP has been projected to jump to $4.89 by analysts, but when?

Ripple XRP Triangle
Source: AscendEX

Also Read: XRP Surpasses $3, Predicted to Hit $4 Soon?

Over the last twelve months, XRP has jumped up a remarkable 470%, according to CoinMarketCap. Yet it has only continued to increase in recent weeks. Specifically, the cryptocurrency has skyrocketed more than 40% over the last seven days from Friday.

The token is currently firmly situated above the $3.22 level, with even bigger price points expected to take place in the coming months. According to the cryptocurrency price prediction platform CoinCodex, the token should surpass $4 as early as March.

Additionally, that month is expected to witness the asset reaching its yearly high at $4.89. If that projection came to fruition, the crypto would have jumped a remarkable 51.96% from its trading price Friday. However, with so much uncertainty about Trump’s incoming administration, things could get even better over the course of January.