XRP saw a significant breakthrough in November following the conclusion of the United States election which produced Donald Trump as the winner. The coin quickly rallied to $1.9 on November 14, and subsequently broke the $2 mark, and has maintained this level since then.
Notably, this was the highest point it has reached in about six years, following its rally to an all-time high of $3.4 in January 2018. The surge, which was triggered by several economic and political factors, has ignited hope and excitement across the XRP community. While all eyes are set for the next phase of the bull run, we consulted the popular AI platform, ChatGPT to predict XRP’s next peak.
Is XRP to $4 in January Possible?
The OpenAI tool noted that XRP can break its previous high and surge to $4 in January 2025. However, it noted that this trajectory would be dependent on several factors aligning in its favor. Particularly, ChatGPT emphasized the importance of regulatory clarity, citing the long-running court case between Ripple and the Securities and Exchange Commission.
Read Also: Ripple vs SEC: Paul Atkins Selected as SEC Chair, Will the Case be Dismissed?
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XRP fell from its glory once the SEC filed a lawsuit against Ripple in December 2020 for allegedly violating federal securities laws. Investors began to shy away from the coin which led to a landslide to $0.2. Over the years, the coin consolidated between this figure and $0.6 before experiencing its recent breakout. The appointment of Paul Atkins as the new SEC chair could lead to an ease in regulatory pressure, setting grounds for a continuous rally to a new high.
Moreover, XRP has established a a new macro support level at $2, and ChatGPT noted that the coin can easily surge to $4 in January if it continues to hold above this support level till the end of the year. This prediction aligns with that of other prominent crypto analysts.
XRP May Never Go Below $2
Meanwhile, popular crypto analyst, Egrag Crypto, shared his idea about the market in a recent post on X (formerly Twitter). According to him, XRP might never dip below $2 ever again. He noted that XRP is on the verge of closing its highest yearly candle in history.
Source: Egrag Crypto/X
Notably, XRP has seen a staggering surge of 401% in the last 30 days according to on-chain data. The coin rocketed from a low of $0.5 to its current price of $2.5, recording a 2.47% increase in the last 24 hours.
Egrag congratulated investors who bought XRP below $2, noting that they are making history as XRP quickly reclaims its “throne.” XRP’s surge pushed it 4 steps up the global crypto market chart, positioning it as the third-largest cryptocurrency by valuation just behind Bitcoin and Ethereum.
As XRP’s trajectory unfolds, it will be interesting to watch and see how the year will end. Meanwhile, XRP’s one-day trading volume declined by 38% to rest at $29.14 billion.
Read Also: XRP Ledger Experiences Temporary Disruption, RippleX Pushes for Urgent Software Update
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.