XRP, currently sitting around $0.55, could potentially skyrocket past $1 by 2025, especially if Gary Gensler steps down from his role at the SEC. Despite a 15% dip expected in 2024, XRP looks like it’s set for a strong recovery, with predictions hinting at a 50% gain by late 2025. It’s crazy to think that this token is still down 85% from its all-time high, right?
The SEC, under Gensler’s leadership, has kept XRP’s price suppressed, holding it far below its 2017 peak of $3.50. But with the possibility of Donald Trump running for reelection, things might change. A new SEC commissioner—possibly more friendly toward crypto—could replace Gensler. Jake Chervinsky, the chief legal officer at Variant Fund, recently weighed in, saying:
“There’s a low chance someone like her takes the job, but Trump might bring in someone entirely new.”
What’s really interesting is that XRP is one of the few top cryptocurrencies that still hasn’t revisited its 2017 bull run highs.
XRP is also breaking out of a symmetrical triangle pattern that’s been forming since 2017. If it manages to break past the $0.765 resistance level, it could easily push toward that $1 target. Looking at the charts, this kind of setup hasn’t been seen in years.
Another thing to keep an eye on: XRP is trading at a huge discount compared to Bitcoin and Ethereum. One factor that could really push XRP higher is the approval of pending ETF applications under new SEC leadership.
Right now, the Relative Strength Index (RSI) is neutral, and trading volumes are showing growing interest. This type of stability could be signaling a big move ahead. When was the last time XRP looked this steady before a major breakout?
Here’s what makes this situation so unique: We have three big factors aligning—Gensler potentially stepping down, a technical breakout from the triangle pattern, and institutional investors ready to jump in. All these elements coming together could create the perfect storm for XRP.
Looking at the big picture: we’re seeing potential 50% gains, regulatory changes, and institutional money all pointing to big things for XRP by 2025. When was the last time XRP had so many positive factors working in its favor?