XRP’s price has surged by over 32%, reaching a 3.6-year high of $1.43, a level last seen in May 2021. This rally follows SEC Chair Gary Gensler’s confirmation of his resignation in January 2025 and the launch of WisdomTree’s Physical XRP ETP in Europe. Here’s a breakdown of the key factors driving this momentum.
Key Catalysts for XRP’s Rally
- Regulatory Shift Expectations:
SEC Chair Gary Gensler’s impending resignation has sparked optimism among investors, who anticipate a more crypto-friendly regulatory environment in the U.S. Ripple, which has faced SEC scrutiny since 2020, stands to benefit from potential legal resolutions in 2025. - Institutional Adoption:
WisdomTree’s launch of a Physical XRP Exchange-Traded Product (ETP) in Europe has bolstered market confidence, pushing XRP’s open interest to an all-time high of $2.17 billion. - Technical Breakout:
XRP’s price action shows a bullish symmetrical triangle formation on the 4-hour chart, suggesting upward momentum. Despite an overbought RSI (79), historical trends indicate room for further gains.
Market Performance
- Price: $1.40 (at press time)
- Market Cap: $79.89 billion
- 24-Hour Trading Volume: $16.38 billion (+141%)
- Weekly/Monthly Gains: 73% and 160%, respectively
Technical Outlook
Support/Resistance Levels:
- Upside: Break above $1.43 could target $1.65, with longer-term goals at $1.90–$2.
- Downside: Pullbacks may test $1.31 or $1.26.
Indicators:
- Price remains above the 200 EMA.
- Ichimoku Cloud signals a strong bullish trend, with XRP trading well above the conversion line ($1.05) and base line ($0.9625).
Broader Market Context
Bitcoin’s rally toward $100K has shifted overall market sentiment to bullish, further supporting altcoins like XRP.
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FAQs
Why did XRP surge suddenly?
The combination of SEC Chair Gary Gensler’s resignation news and WisdomTree’s XRP ETP launch fueled investor optimism, driving a 32% price spike.
What’s next for XRP’s price?
If bullish momentum holds, XRP could test $1.65–$1.90. However, overbought conditions may prompt short-term corrections.
How does WisdomTree’s ETP impact XRP?
Institutional products like ETPs increase liquidity and legitimacy, attracting more investors to the asset.
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