[ad_1]
Ripple’s native cryptocurrency, XRP, crossed the $3 mark on January 15, 2025, for the first time since 2018. The surge in price comes amid broader market optimism and speculation surrounding potential regulatory changes under the incoming Trump administration. Analysts have identified $6 as a major target for XRP, supported by strong momentum and rising market interest.
XRP Price Hits $3 as Analysts Eye $6 Target Amid Bullish Momentum
In the recent crypto rally, XRP price surged over 16%, reaching $3 during U.S. trading hours on January 15. This marks the first time since 2018 that the cryptocurrency has achieved this milestone. The price increase coincided with a market-wide recovery, reflecting investor confidence especially with the incoming Donald Trump administration.
Moreover, the ongoing crypto rally has led Bitcoin price to reclaim the $100,000 level, signaling renewed market optimism. Surpassing this psychological milestone, BTC ($99,558.14)’s market cap approaches $2 trillion, fueled by growing institutional interest and increasing adoption.
Analyst EGRAG Crypto forecasts a further rally for XRP, citing a rebound from $2.88 in the 4-hour timeframe. The analyst suggests a potential climb to $6.4, supported by rising momentum and strong backing from the XRP community.
Source: XMarket Recovery and Regulatory Speculation Drive Price Surge
The broader cryptocurrency market experienced a rebound, with XRP outperforming several other major digital assets. The rally coincided with reports suggesting possible regulatory easing under Donald Trump’s administration. Speculation surrounds the U.S. SEC reconsidering certain lawsuits against crypto companies.
Reports indicate that Paul Atkins, as the new SEC chair, may pause in ongoing cases involving firms like Coinbase and Ripple. However, Senate approval is required for Atkins’s appointment, and it remains uncertain how the new leadership will manage existing lawsuits.
Meanwhile, the XRP lawsuit between Ripple and the SEC continues to unfold with critical developments. Both parties have agreed to file a deferred appendix for the cross-appeals, while the SEC’s opening brief is due tomorrow. As Donald Trump prepares to take office, market participants remain attentive to developments that could affect regulatory decisions.
Ripple Price Action
Following the recent price increase, XRP’s market capitalization climbed to $171.5 billion, securing its position as the third-largest crypto globally. Bitcoin remains the market leader with a capitalization of $2 trillion, followed by Ethereum at $402 billion.
The surge in XRP price has renewed interest in its potential, with rising trading volumes reflecting growing optimism among investors. Analysts believe sustained momentum and positive regulatory developments could propel Ripple’s token surge toward the $6 mark.
In addition, the Moving Average Convergence Divergence (MACD) indicator further supports the bullish trend in XRP price, with the MACD line crossing above the signal line, signaling strong upward momentum. The rising histogram bars also highlight growing bullish strength. These indicators align with the recent price surge above $2.96, confirming positive market sentiment.
The post Will XRP Price Hit $6 as Analysts Predict a Bullish Rally From $2.88 Support? appeared first on CoinGape.
[ad_2]
