Ripple’s CEO Brad Garlinghouse recently attended a high-profile dinner hosted by President-elect Donald Trump at Trump’s Mar-a-Lago estate. Accompanied by Ripple’s Chief Legal Officer Stuart Alderoty, Garlinghouse’s presence at the event drew significant attention, particularly in light of Ripple’s regulatory challenges in the United States. While the topics discussed remain undisclosed, the meeting suggests potential shifts in Ripple’s positioning within the U.S. market as the new year begins.
The legal success of Ripple over the United States Securities and Exchange Commission was the central turning point for Ripple. The court’s ruling dismissed claims that XRP sales constituted unregistered securities, closing a two-year-long lawsuit. This success has strengthened Ripple’s standing in crypto, although the token’s market performance has recently fluctuated.
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XRP Price Update
Despite the legal win, XRP’s price has displayed mixed performance, with the token’s value dropping 5.49% to $2.30 over the last 24 hours, reflecting a notable dip in market sentiment. Although the trading sessions have increased only to more than 112%, overall exceeding $8.6 billion, it indicates certain intense market participation. Market capitalization in XRP also amounted to $132.28 billion and demonstrates the stability of this digital asset in terms of fluctuations in its price.
Source: CoinMarketCap
There was a mixed opinion regarding the fluctuations in the price of XRP among the analysts. Some people may view this as a short-term phenomenon, while others observe elevated TRAFFIC as signifying extreme market interest and might point to an upside in the future.
Analysts Eye Recovery as XRP Charts Show Bullish Potential
Crypto analyst Mikybull Crypto remains optimistic about XRP’s prospects, forecasting a potential rally to $3.2. Applying technical analysis, XRP is in a good position to break past some significant price barriers if the trend persists. His analysis suggests that XRP could reach between $3.7 to realign itself to its record high of $3.84.
The Chart below indicates that XRP is consolidating within a symmetrical triangle pattern, suggesting the possibility of a breakout. Key Fibonacci retracement levels further support the case for a bullish trajectory, with targets set at $2.37 and $3.2. However, failure to maintain critical support at $2.23 could delay recovery efforts.
Source: Mikybull Crypto
Conclusion
Ripple’s engagement with political leaders and its legal success has positioned the company for significant developments in 2025. While XRP’s short-term price movement remains uncertain, the token’s robust trading volume and strong market interest hint at potential recovery. Investors and analysts will closely monitor XRP’s next moves, particularly as Ripple navigates its evolving regulatory landscape.
Also Read: Pro-XRP Lawyer Says SEC’s Opening Brief Will Not Affect a Potential Case Dismissal, Details
