Cryptocurrency market data from sources like CoinMarketCap or CoinGecko

XRP Reaches $3.37 All-Time High, Surges 455% Amid Legal Optimism and ETF Speculation

Jan 16, 2025, 12:46 PM

Ripple's XRP cryptocurrency has surged to a new all-time high, reaching $3.37, marking a 455% increase over the past quarter. This significant price jump has been driven by several factors, including potential positive developments in Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), the launch of Ripple's stablecoin RLUSD, and speculation around a possible XRP ETF approval. XRP's trading volume has doubled to $34 billion, with futures open interest hitting a record $7.7 billion. The cryptocurrency has also reclaimed its position as the third-largest by market capitalization, surpassing $170 billion, behind only Bitcoin and Ethereum. The market sentiment has shifted with changes in SEC leadership, fostering optimism for a more crypto-friendly regulatory environment. XRP's 240% quarterly rally has propelled it to these new heights, with the market cap climbing to $170 billion.