Ripple-linked asset XRP surged to a fresh seven-year-high price Thursday, coming within two cents of its 2018 peak.
XRP has been making waves in the cryptocurrency world, hitting a seven-year high of $3.10, a price point not seen since 2018. This remarkable surge is part of a broader 30% gain over the past two weeks, signaling a strong bullish momentum that has set the digital asset apart from other major cryptocurrencies.
XRP has smashed through its previous record, hitting an all-time high of $3.37 on major exchanges Binance, Kraken, and Bitfinex, setting the crypto community ablaze. The explosive rally came through a combination of factors—whale activity, bullish market sentiment, recent wins in Ripple's ongoing fight with the U.S.
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According to data provided by Polymarket, the odds of an XRP ETF being approved by the U.S. Securities and Exchange Commission in 2025 have spiked sharply higher.
According to the proposal, excessive inflation could result in more concentrated ownership and is not essential for securing the network.
Crypto assets faced a bumpy ride over the last seven days, resulting in huge outflows in institutional and retail markets. Like Bitcoin (BTC) and Ethereum (ETH), Solana was among the affected assets that recorded negative weekly figures after showing signs of a bullish uptick.
Oracle platform Switchboard becomes the first crypto startup to launch a Jito node consensus network. The on-chain oracle provider announced on Jan.16 that it was launching the first Jito (JTO) node consensus network on the Solana (SOL) mainnet.
XRP reaches an all-time high of $3.39, surpassing its 2018 peak for the first time in nearly seven years. Ripple's altcoin has gained over 15% today and 40% in January so far.
Amid the ongoing market recovery, Solana (SOL) is poised for a massive upside rally, as it has formed a bullish price action. Whereas, President-elect Donald Trump seems to be prioritizing SOL and XRP for America's first strategic reserve.
Bullish momentum has returned in the general crypto market bolstering major digital assets such as Solana toward an upward direction once again. As SOL gains traction, certain key indicators and chart formation are pointing to a potential upsurge for the altcoin in the upcoming weeks.
XRP's open interest has increased by $6 billion since the start of the month as the altcoin soared to new all-time highs.
Solana (SOL) is currently consolidating within a narrow price range, caught between bullish and bearish pressures. This tight trading pattern is often a precursor to a breakout, and many analysts believe that the next big move could be imminent.
XRP's latest high is making news, but it isn't the only headline today.
With lawsuits still pending over Solana's classification as a security, SOL ETFs will likely have to wait until next year for their debut.
Trump's crypto strategic reserve could benefit XRP and Solana, fostering industry growth and shifting US regulatory approaches.
XRP showed strong performance on Thursday, extending its Wednesday gains after retesting the daily trendline support near $3.08.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Innovating Capital General Partner Anthony Georgiades joins CoinDesk to discuss XRP's recent rally that sent the token's price to a high above $3.00. Plus, he weighs in on the rumors around a crypto reserve under the Trump administration.
Solana protocol Tapestry raised $5.75 million in a Series A round co-led by Union Square Ventures and Fabric Ventures.
The price of XRP has skyrocketed by ~50% this month alone. With this, the altcoin has successfully reclaimed the $3 mark for the first time in 7 years. Despite the recent appeal by the SEC, the Ripple token has maintained its bullish action, highlighting strong fundamentals for the altcoin in the market.
A leak has revealed the incoming Trump administration could create a wider crypto reserve—prioritizing U.S.
In recent days, XRP's value has been climbing as positivity about upcoming cryptocurrency regulations surpasses the challenges posed by a recent legal appeal from the US Securities and Exchange Commission (SEC).
Digital coins traded in the green on Thursday as the global crypto market cap recovered past $3.5 trillion. While newer tokens often dominate trends during market rallies, this time's cycle appears different. Og crypto projects such as Ripple's XRP and Litecoin remain on investor radar with remarkable price actions.
Ripple's native token, XRP, has been making waves in the cryptocurrency realm with its impressive upside momentum. Amid this remarkable price surge, recent activity by whales and investors has raised concerns about a potential sell-off.
"Close the day above $210, and my first target is $330," one analyst stated.
The price of the native token of the XRP Ledger has surged by more than 44.5% so far this year significantly outperforming the wider cryptocurrency market and boosting its market capitalization to nearly $200 billion.
XRP (CRYPTO: XRP) is surging on Thursday, up 11% at the time of writing, fueled by speculation about President-elect Donald Trump considering a reserve of U.S.-based crypto assets. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend XRP (CRYPTO: XRP) $3.36 $193 billion +15% +44.8% Ethereum (CRYPTO: ETH) $3,337 $397.9 billion -0.1% -1.1% Bitcoin (CRYPTO: BTC) $99,400 $1.97 trillion +0.3% +5.5% Trader Notes: Crypto chart analyst Ali Martinez identified XRP as being in the midst of a substantial bullish breakout.
Two crypto market observers raised concerns to CoinDesk over the idea of expanding a potential national strategic reserve to altcoins.
TL;DR Coinbase launches on-chain Bitcoin-backed loans through Morpho, a DeFi protocol on the Base network. Customers can borrow up to $100,000 in USDC using their Bitcoin holdings as collateral. The loans are managed by Morpho, with Coinbase providing the interface for easy and fast access to the services.
Sitting members of the U.S. House of Representatives and Senate have an informational edge over the public. Worse still, they regulate the very industries they so often invest in — and they tend to secure impressive returns for themselves in the process.
XRP (XRP 13.66%) stock is posting another day of explosive gains in Thursday's trading. The cryptocurrency's token price was up 11.1% over the previous 24 hours despite sell-offs thanks to some exciting news.
It's only a few days until Donald Trump's inauguration as the 47th POTUS. The crypto market looks forward to the next four years under DJT, who favors digital assets.
The price of the native token of smart contract platform Solana (SOL) has surged nearly 5% over the last 24-hour period in a move that saw its total market capitalization top the $100 billion mark.
Coinbase has launched its new Bitcoins backed loans service which allows customers to get USDC loans up to $100,000 without selling their Bitcoins. This new product built on the Morpho DeFi protocol is based on the exchange's Ethereum layer 2 solution, base.
Crypto influencer Ansem set apart four main categories of coins and tokens, with the potential for institutional, retail, or high-risk crypto insider bets.
Bitwise Asset Management has outlined a strong investment case for Solana (CRYPTO: SOL), emphasizing its unique architecture and potential for mass adoption. According to a report titled “The Investment Case for Solana,” Solana's high-speed, low-cost transactions, supported by its innovative monolithic design, make it a standout in the competitive Layer-1 blockchain landscape.
The price of XRP hit a new all-time high today, rocketing past the key $3.30 mark. After almost seven years, what seemed like an impossible burden has now been broken, and XRP is currently in what some might call price discovery mode.
Es sind hervorragende Zeiten, um in den Kryptomarkt zu investieren. Zumindest wenn man sich die Entwicklungen der letzten 2 Jahre anschaut.
Ron Hammond from the Blockchain Association shared some thoughts on the future of the SEC under the leadership of Paul Atkins. In an interview with Tony Edwards of Thinking Crypto, when asked if the SEC might drop some non-fraud cases, like the ongoing Ripple lawsuit, Hammond expressed optimism.
With its recent bullish run reaching a major milestone, XRP has broken above the crucial $3 level. Following weeks of consolidation and the accumulation of bullish momentum, the asset reached levels not seen in months before the breakthrough.
Testing times quickly return for Bitcoin traders as BTC price momentum again fails to recapture $100,000.
As XRP reaches new price milestones in 2025, drawing closer to its historic peak, a considerable share of the digital asset resides on centralized exchange (cex) platforms. According to data from Cryptoquant, over 23% of the 57 billion tokens in circulation are held across ten major trading platforms.
Solana has long shone as a rising star in the crypto universe, attracting developers with its speed and low fees. However, a recent drop of about 10% in network activity is beginning to raise concerns.
As an experiment, Cointelegraph asked two different AI models, OpenAI's ChatGPT and xAI's Grok, to predict how XRP price could be affected by a spot ETF approval.
The price of XRP made a new all-time high today. However, the parabolic nature of the runup is posing questions about the uptrend's sustainability.
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President-elect Donald Trump is reportedly exploring the inclusion of US-developed digital currencies like Ripple's XRP and Solana in his proposed national crypto reserve, the New York Post reported on Jan. 16, citing insider sources.