After several years of trials and struggles, Ripple’s XRP was seen getting back under the spotlight. The firm and the altcoin were hit with increased scrutiny by law enforcement. The Securities and Exchange Commission (SEC) of the United States put the network through a jarring process. Things, however, took a new turn with the arrival of the country’s latest President Donald Trump. The altcoin is expected to start over a new chapter and record a peak sooner than later.
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XRP Surges By Nearly 300%
Throughout the past 12 months, the price of Ripple’s XRP has increased by 278%. The asset was priced at a low of $0.3911 during the beginning of 2024, but in no time, XRP surged to a high of $3.39. At press time, the altcoin was trading at $2.44 with a 5.37% rise over the past 24 hours.
Despite its meteoric ascent, XRP failed to reclaim its all-time high. The altcoin reached a peak of $3.84 about seven years ago in the year 2018. Currently, the asset is trading 36.49% below this milestone.
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$4.3 A Dream or Reality?
The chances of XRP moving past $4 could seem unreasonable at the moment. But the cryptocurrency market has time and again revealed what its volatile nature can do. But for the asset to reach this level, several factors must come into play. Currently, the network activity of XRP was seen rising. Analyst Ali Martinez highlighted that in the last week, the number of active XRP addresses has increased from 74,589 to 462,650. This represents a 620% increase which is a highly bullish sign.
In addition, during the weekend, Trump shook the cryptocurrency market with an announcement. The President revealed that he wanted three assets to be a part of a new Crypto Strategic Reserve. This initiative includes the addition of Cardano (ADA), Solana (SOL) and XRP. Just as the news broke, all three assets witnessed a massive rise in their prices. Once XRP is officially part of the US government’s reserve, the asset might experience a surge of a much higher magnitude.
Data from CoinCodex also reveals a potential surge in the altcoin’s price in the next few months. The firm confirmed that XRP is expected to trade at a high of $4.32 in April 2025.
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