Bitstamp recently released an optimistic forecast regarding XRP’s future performance. The exchange predicted via its official X handle that XRP will make history in 2025, generating substantial interest within the cryptocurrency community.
While Bitstamp did not provide specifics for the prediction, it is renowned as the cryptocurrency industry’s longest-operating exchange, and several positive developments in the short and long-term support this overwhelmingly bullish outlook.
$XRP gonna make history next year
— Bitstamp (@Bitstamp) December 20, 2024
Reasons to Be Bullish On XRP
One of the biggest reasons to be bullish about XRP is Donald Trump’s victory in the U.S. presidential election. The excitement following his historic win sent the crypto market to new heights. Bitcoin has crossed $100k for the first time, and XRP hit its highest point since 2018.
Notably, XRP reached its all-time high in January 2018 during Trump’s last administration, and the market is excited about how high it can go next year.
There are also many other positive developments in the crypto market to be excited about. These include the anticipated conclusion of Ripple’s ongoing legal proceedings and the possible introduction of exchange-traded funds (ETFs).
Gary Gensler, the current Chair of the U.S. Securities and Exchange Commission (SEC) is well known for his anti-crypto stance, but he is leaving his position on January 20.
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Donald Trump has already nominated Paul Atkins to replace him, and experts believe the SEC, under Atkins’ pro-crypto administration, will end the lawsuits against Ripple and other cryptocurrency companies.
Multiple companies have also filed for XRP ETFs. However, the SEC revealed that it will not approve any ETFs under the current administration.
XRP’s Journey to A New All-time High
The digital asset’s price trajectory has demonstrated notable volatility over the past few years. After establishing its current all-time high of $3.84 in January 2018, XRP experienced a significant decline, reaching $0.1151 by March 2020. At press time, XRP traded at $2.23, 41.51% below its all-time high, and many experts are confident it will close this gap and surpass it significantly.
Recent market activity has shown promising signs of recovery, and JD (@jaydee_757), a prominent crypto analyst, responded to Bitstamp’s post, noting that 95% of investors will lose out on massive gains in the current cycle.
Analysts are already setting lofty targets with some going into double and triple digits, but investors have to take profits wisely so they don’t lose out on life-changing gains.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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