XRP XRP/USD is surging on Thursday, up 11% at the time of writing, fueled by speculation about President-elect Donald Trump considering a reserve of U.S.-based crypto assets.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| XRP XRP/USD | $3.36 | $193 billion | +15% | +44.8% |
| Ethereum ETH/USD | $3,337 | $397.9 billion | -0.1% | -1.1% |
| Bitcoin BTC/USD | $99,400 | $1.97 trillion | +0.3% | +5.5% |
Trader Notes: Crypto chart analyst Ali Martinez identified XRP as being in the midst of a substantial bullish breakout.
He pointed out on-chain data showing that whales have accumulated over 1.1 billion XRP in just one week, significantly increasing buying pressure.
This has helped push XRP out of a bull pennant, a classic bullish pattern, and Martinez forecasts a potential price of $10.
Technical analyst More Crypto Online believes XRP is on track for a new all-time high, with key levels to watch being $4.20 (Fibonacci extension) and $5 as a primary target.
The analyst sees $2.51 as crucial support, though the short-term structure remains unclear.
The overall trend aligns with broader market optimism.
CrediBULL Crypto compared XRP holders to Ethereum holders, noting that XRP holders have outperformed ETH holders since April 2021, further boosting sentiment around XRP's potential.
Statistics: Over the past seven days, XRP has surpassed Bitcoin in search interest on Google Trends, reflecting increased enthusiasm for the altcoin.
Coinglass data shows XRP's open interest surged by 24.9%, reaching an all-time high of $8.4 billion.
Liquidations in the past 24 hours amounted to $42.5 million, with short liquidations contributing the majority ($26.9 million).
Community News: Ripple's Chief Legal Officer, Stuart Alderoty, commented on the SEC's appeal brief, emphasizing that it reiterates arguments already rejected and is unlikely to be pursued by the next administration.
He reassured the community that Ripple remains focused on pro-innovation regulation, dismissing the lawsuit as “just noise” and highlighting the company’s ongoing success.
President-elect Donald Trump is reportedly receptive to the idea of a U.S.-based crypto reserve, which could also include XRP.
Read Next:
Image: Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
