A recent story indicates that XRP’s price could be on the brink of a breakout and reach $10 during the time Trump takes office on January 20, 2025. The crypto-friendly appointees handpicked by Trump for top US financial cabinet positions possess intensive knowledge of the digital assets sector. The development directly benefits Ripple as it’s the preferred choice for fintech payments for digital transactions globally.
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Leading banks have collaborated with Ripple to engage in smooth, secure, and seamless transactions. The development puts XRP directly in line for a price jump as it benefits from the global fintech shift. A handful of banks, including institutional funds, and hedge funds are incorporating fintech into their systems and processes. The Ripple Foundation is at the forefront of this change as it’s equipped with all the required technology.
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Will XRP’s Price Reach $10 on January 20, 2025?
Ripple’s XRP is currently trading around the $2.35 mark on Friday after rising nearly 350% in a month. Investors who took an entry position days after Trump won the presidency have made stellar profits in a short time. For XRP to reach the $10 mark, the leading altcoin needs to jump approximately another 330% in the next 45 days.
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Rising 330% in 45 days is not an impossible task in the cryptocurrency markets. The sector has seen unimaginable gains that even put the leading global stocks to shame. However, to rise another 330% and reach $10, XRP needs to maintain its positive momentum throughout the next two months.
The departure of SEC chair Gary Gensler will also provide relief to Ripple as he relentlessly pursued the lawsuit. XRP’s price was stunted due to the SEC vs Ripple lawsuit and remained under pressure for nearly five years. However, whether the altcoin will reach $10 during Trump’s early days, only time will tell. A prediction like this is hard to pinpoint as several factors come into play and it is advised to take the forecast with a grain of salt.
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