To Bitstamp, the known oldest crypto trading platform, the expansion of XRP will make it eligible to break another milestone in 2025
Bitstamp, the oldest cryptocurrency exchange that runs, has made a bold prediction about the future of Ripple’s XRP. The exchange dropped the prediction on its official X handle, which has over 513,300 followers.
Factors Driving Optimism for XRP in 2025
Notably, Bitstamp is betting on XRP to make history in 2025. According to the post, “XRP gonna make history next year,” it stated.
The short, optimistic message has triggered positive sentiments from the crypto community engaging it. Although Bitstamp did not zero in on any specific area where XRP will impact in 2025, the general view from community members remains bullish.
Despite Bitstamp’s open-ended message, analysts say recent market, macroeconomic, and political developments suggest a bullish run ahead. Notable among these is the electoral victory of Donald Trump in the November 5, 2024 U.S. election. Trump’s win sent bullish waves across the crypto market and helped drive up prices of different assets.
XRP hit a new high last seen in 2018, and Bitcoin, the leading digital asset, breached $100,000 for the first time in its history.
Another reason for making bullish projections on XRP is that the Securities and Exchange Commission (SEC) Chair, Gary Gensler, will leave office on January 20, 2025. Gensler, known for his anti-crypto stance, has championed legal proceedings against Ripple. Many anticipate a conclusion to the legal proceedings soon.
Furthermore, Trump’s nominee to replace Gensler, former SEC Commissioner Paul Atkins, has a friendlier disposition toward cryptocurrency. Experts believe Atkins would provide regulatory clarity in the sector. The pending applications for spot XRP exchange-traded fund (ETF) by several asset managers might receive approval by 2025.
Does XRP’s Price Movement Signal a Historic Milestone Ahead?
The approval of XRP ETF would mean institutional holders can gain exposure to XRP and possibly increase its price value.
Interestingly, XRP’s price performance mirrors the level it reached when Trump was the U.S. president in 2018. This has led to speculation that a Trump presidency could favor XRP and support its quest to surpass its all-time high of (ATH) of $3.84.
Shockingly, two years after hitting that ATH, XRP crashed to $0.1151 in March 2020. Since that decline, the altcoin has not retested the $2 price level until Trump’s recent electoral win. This has further fuelled optimism that XRP might have an interesting price movement in 2025.
As of this writing, despite fluctuations in earlier trading, XRP exchanges for $2.22, a decline of 1.52% in the last 24 hours. Market volume has also taken a significant plunge of 32.09% to $11.68 billion. Despite these indices, the community remains bullish.
Analysts say that with just a few days remaining to usher in 2025, XRP remains one of the digital assets on which to focus. Ripple has also launched a stablecoin, RLUSD, which it hopes will transform the sector.
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