XRP Price Surges Another 7.5%: What Is Going On?

XRP XRP/USD has sustained its bullish momentum for the second consecutive day, driven by speculation around an XRP ETF and increasing whale transactions.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
XRP XRP/USD	$2.76	$158.5 billion	+7.5%	+19%
Bitcoin BTC/USD	$96,664.83	$1.9 trillion	+0.2%	+1.6%
Ethereum ETH/USD	$3,197.98	$385.4 billion	-0.5%	-4.5%

Trader Notes: Crypto trader Cold Blooded Shiller described XRP as an "alive monster," predicting its ascent to $4.2 if the rally maintains momentum.

The $XRP monster is alive.

Pushing against the highs, won't be long before this breaks and continues it's ascent upward.

$4.20. https://t.co/srLuW0zF2T pic.twitter.com/oOk0X8Jcko
— Cold Blooded Shiller (@ColdBloodShill) January 15, 2025

Crypto trader Satoshi Flipper suggested XRP is on the verge of price discovery, indicating the potential for new highs.

PRICE DISCOVERY FOR $XRP LOADING pic.twitter.com/BQXCcZawgW
— Satoshi Flipper (@SatoshiFlipper) January 15, 2025

Statistics: Santiment data highlighted by crypto chart analyst Ali Martinez shows transactions over $1 million surged to 341 in the last 24 hours.

Coinglass reported XRP futures open interest reached $6 billion (as of Jan. 15), marking an 18% daily increase, the highest since December.

Derivatives trading volume rose 25%, while XRP spot inflows hit $99.3 million, a record high since Dec. 1, 2024.

Community News: David Gokhshtein, founder of Gokhshtein Media, acknowledged the rally, stating XRP holders "deserve" this momentum.

Omni Foundation co-founder Austin King shared insights into Ripple’s broader vision, beyond the anticipated XRP ETF launch in 2025:

Ripple plans to expand its fast, low-cost payment solutions to attract customers from traditional finance.
The company has processed over $50 billion in payments and aims to position the XRP Ledger as the hub for tokenizing global financial assets.

Jan. 15 marks the SEC's deadline to file an opening brief in its appeal against Judge Torres' ruling.

Speculation remains over whether the SEC will contest XRP's classification as a security in programmatic sales.

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