Ripple (XRP) Ascent
For years, Ripple has firmly established itself as one of the major players in the cryptocurrency markets. Today, XRP has experienced a significant surge in value, posting double-digit gains. While a general recovery is evident across altcoins, XRP’s impressive 11% daily rise can be attributed to the delayed pricing of recent good news. But what are the reasons behind this rise, and what price target does it aim to reach?
The overall market sentiment improved as Bitcoin’s price exceeded $106,000 with government shutdown fears receding. Following the House of Representatives’ approval of a temporary budget, the government will remain open until January 31 as long-term budget negotiations continue.
The rise in XRP is driven by several factors. One primary catalyst is Ripple’s acquisition of Hidden Road for $1.25 billion, which will now operate as Ripple Prime, providing institutional services. Another critical development includes Ripple’s recent $500 million investment based on a valuation of $40 billion.
The substantial valuation and allocation of nearly $2.5 billion to three companies throughout 2025 highlight Ripple’s robust financial strength. Additionally, recent statements by Ripple’s president confirmed the company’s lack of public offering intentions, a positive indicator for XRP.
This week’s culmination of events, coupled with Franklin’s XRP Coin ETF application reaching its final decision date, saw the price surpass $2.55. We await the SEC’s decision regarding the XRP Coin ETF, potentially announced by Friday when the government might fully reopen. Other applications, like Solana’s, may also see decisions by then.
XRP Coin Price Objective
While multiple factors support XRP’s rise, it has been significantly affected by the overall negative market sentiment. With a short-term recovery in general risk appetite, we observe an 11% increase. Why short-term? The Supreme Court may soon deliver an adverse ruling on Trump’s tariffs, potentially triggering another period of market turmoil.
“If the court rules against us, it will be devastating for our economy and markets.” – Trump
Examining the chart, closing above the $2.3 support facilitated reclaiming the $2.52 and $2.55 levels. If the upward momentum continues, surpassing $2.7 is expected, with renewed focus on a $3.1 target. The S&P 500 rose by 1%, and NASDAQ increased by 1.6% at opening, suggesting potential positive impacts on cryptocurrencies as the stock market remains strong. ETF inflows at daily close will further define this week’s tone.