Ripple CEO Meets Trump: Is XRP Price Set for a $4 Breakout in 2025?

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Discussing the potential influence of a January 8th dinner between Ripple CEO Brad Garlinghouse and then-President-elect Donald Trump, held at Mar-a-Lago, on XRP‘s current price and future predictions as we approach January 2025.

Impact of Ripple CEO & President-elect Donald Trump’s Meet on XRP Price

A recent meeting between Ripple CEO Brad Garlinghouse, Ripple CLO Stuart Alderoty, and President-elect Donald Trump at Mar-a-Lago has been disclosed. This new development, following Brad Garlinghouse’s remark about the “most pro-crypto congress” yet, suggests a promising future for cryptocurrencies overall, but particularly for Ripple and XRP.

In terms of positive momentum, this meeting might well be deemed as one of the most encouraging advancements for both Ripple and XRP following their victory against the U.S. Securities and Exchange Commission (SEC), due to two key factors.

Reason 1: Regulatory scrutiny towards cryptocurrencies has been intense under President Biden’s administration, leading to lawsuits against digital asset firms. However, if Trump wins the upcoming U.S. presidential elections, this situation may change drastically. A recent dinner with Trump serves as a possible indication that 2025 could be favorable for Ripple, given potential support from Trump and American regulators.

Reason 2: The victory of Ripple in its lawsuit with the SEC caused XRP’s value to nearly double within a day. Similarly, meeting with Trump might provide a foundation that boosts XRP, the digital token for remittances, over the long term.

These points may pave the way for collaborations, which could potentially influence the cost of Ripple (XRP) favorably.

What impact might this development have on XRP’s projected price for January 2025? Could it potentially boost the price goals, or lead to a decrease in them?

XRP Price Prediction

The forecast for the price of XRP in January is split into two stages. In the first stage, there’s an adjustment period designed for investors to gather more XRP. The second stage is expected to witness Ripple reaching unprecedented peaks.

Over the period from November 26th to December 3rd, as indicated on the four-hour chart, XRP experienced an impressive surge of 126%, which took its price from $1.28 to $2.91. Following this strong upward push, a decrease in bullish energy and profit-taking actions led to XRP settling into a holding pattern between approximately $2.17 and $2.91.

Today’s XRP price stands at approximately $2.30, representing a 6.17% increase from Monday. However, it seems poised to keep dropping further. Potential support levels for brief upticks could be found in the range between $1.99 and $2.13, which represents a demand zone, or at the 62% Fibonacci retracement level around $1.90. It’s important for investors to keep an eye on Bitcoin as it will play a significant role in shaping the overall trend for XRP and other cryptocurrencies in the short term.

A CoinGape article from not long ago suggests that Bitcoin might dip down to its December minimums prior to initiating a rally. Since this decrease in Bitcoin coincides with the previously mentioned correction theory for Ripple, such declines offer a chance to gather XRP.

XRP Price Targets For January 2025

It’s best that we might expect a drop in price between $2 and $1.90 around January 20, 2025, which is the scheduled inauguration date for President-elect Donald Trump.

By the last week of January 2025, there’s a good chance we’ll witness a resurgence in Bitcoin and altcoins, creating an environment for XRP to thrive. If you bought during the previous dips, it might be wise to cash out when the price reaches the 161.8% Fibonacci extension level near $3.36, which is slightly below its all-time high of $3.40.

From late January to early February, XRP price could set up a new ATH at around $3.5 to $4.0.

Concluding Thoughts

A meeting between Ripple CEO Brad Garlinghouse and the newly-elected President Trump might boost the value of XRP. Given Trump’s favorable view on cryptocurrencies and Ripple’s recent legal victory against the SEC, there’s a strong possibility that Rippe will experience an upward trend. It is forecasted that a correction in January 2025 will offer investors a chance to amass XRP, which could then surge to unprecedented highs, possibly reaching $3.5 to $4.0 by early February 2025.

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2025-01-08 10:22