XRP (XRP) Surges Amid Rumors of U.S. Digital Asset Reserve Inclusion and Legal Momentum

January 17, 2025 04:09 PM AEDT | By Team Kalkine Media

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XRP (XRP) Surges Amid Rumors of U.S. Digital Asset Reserve Inclusion and Legal Momentum — Image source: Shutterstock

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Highlights

XRP (XRP) continues to attract bullish momentum after breaking resistance levels.

Strong investor interest and on-chain activity push the token toward new highs.

Potential U.S. digital asset reserve featuring XRP (XRP) raises hopes for future regulations.

XRP (XRP) has been in a strong bullish trend as investors remained optimistic despite the Securities and Exchange Commission (SEC) appeal against Ripple's victory. The token has recently crossed the $3.00 mark, driven by speculation that former President Donald Trump could include XRP (XRP) in a proposed U.S. digital asset reserve. This growing optimism, coupled with solid technical indicators, shows a deep-rooted confidence among investors that XRP (XRP) is poised for further gains.

The legal battle between Ripple and the SEC remains a backdrop to this price surge. While the SEC has filed an appeal, contesting a ruling by Judge Analisa Torres, industry experts believe the appeal is unlikely to succeed. Ripple's Chief Legal Officer, Stuart Alderoty, and attorney Jeremy Hougan dismissed the SEC's arguments as weak and anticipated that the new administration would disregard the appeal. As a result, market participants remain largely unaffected by the SEC's actions, pushing XRP (XRP) to new highs.

The buzz surrounding potential crypto reforms under President Trump is also fueling XRP’s price movement. Recent reports suggest that Trump is considering the creation of a U.S.-first digital asset reserve, which could include domestic tokens like XRP (XRP), Solana, and USDC. Such inclusion would bolster XRP’s credibility and pave the way for broader adoption, possibly encouraging the approval of an XRP (XRP) exchange-traded fund (ETF). Industry analysts predict a massive inflow of up to $8.4 billion into XRP ETFs within the first year of approval.

In addition to the legal and political narratives, XRP's on-chain data reflects strong bullish sentiment. XRP's market cap crossed $190 billion as the token saw an influx of new holders and significant whale transactions. The number of XRP holders increased by over 511,000 in the past two months alone, signaling a sustained buying interest. Whale activity also surged, reaching levels unseen since December 2023. This activity, combined with surging open interest, signals that XRP (XRP) may be gearing up for its next major breakout.

With resistance now above $3.50, the psychological threshold of $4.00 appears to be within reach for XRP (XRP). Analysts project that breaking through this level could lead to new all-time highs above $4.50, positioning XRP (XRP) as a standout in the crypto market.

Ultimately, as XRP (XRP) navigates its legal challenges and taps into growing investor enthusiasm, it remains well-positioned to capitalize on future gains, with many eyes on how regulatory changes and potential political support unfold.

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