TLDR
- XRP reached a new all-time high of $3.35 on January 16, 2025, representing a 65% increase since early January
- President-elect Trump is reportedly considering XRP for inclusion in a potential U.S. cryptocurrency reserve
- Trump met with Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty on January 6, 2025
- The SEC filed an appeals brief in its ongoing case against Ripple
- Market analysts identify key resistance levels at $3.39, $3.77, and $4.09
The cryptocurrency XRP reached a new all-time high of $3.35 on January 16, 2025, marking a 65% increase since the beginning of the month.
The surge comes amid reports that President-elect Donald Trump is considering XRP as a potential component of a U.S. cryptocurrency reserve system.
The price movement represents a major breakthrough for XRP, which began the year trading at $2.00. Trading volume has remained strong, with over 929 million tokens changing hands during the recent price surge. The token’s market capitalization now stands at $335 billion, strengthening its position in the cryptocurrency market.

XRP Price
Recent developments suggest a shifting political landscape for XRP and its creator, Ripple Labs. On January 6, 2025, Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty met with President-elect Trump for dinner. Following the meeting, Garlinghouse posted on social media platform X, describing it as “a great dinner and a strong start to the year.”
The meeting has fueled speculation about XRP’s potential role in a proposed government cryptocurrency reserve. According to reports, the Trump administration is exploring the creation of a digital asset reserve similar to the existing U.S. gold reserve, with XRP among the cryptocurrencies under consideration.
Technical analysis of XRP’s price movement shows the token breaking out of a descending triangle pattern that had formed over several years. The daily chart indicates strong buying pressure, with the Relative Strength Index (RSI) moving above 80, suggesting overbought conditions.
Key resistance levels have emerged at $3.39, representing the 2.272 Fibonacci extension, followed by $3.77 and $4.09. Support levels are established at $3.06 and $2.88, with a critical support zone at $2.74.
The price surge occurs against the backdrop of ongoing legal proceedings. The Securities and Exchange Commission (SEC) has filed an appeals brief in its case against Ripple. However, market participants appear optimistic about the case’s resolution, given the upcoming changes in SEC leadership.
Current SEC Chairman Gary Gensler is expected to step down following the presidential transition, with Paul Atkins named as Trump’s choice for the position. Atkins has previously expressed support for a more accommodative regulatory approach to cryptocurrencies.
The potential shift in regulatory stance has contributed to market optimism. Traders are speculating that under Atkins’s leadership, the SEC might abandon its case against Ripple, removing a key obstacle to XRP’s mainstream adoption.
The Elliott Wave structure suggests the current movement represents Wave 3 of a higher-degree cycle, reaching the typical 1.618 Fibonacci extension. This technical pattern indicates possible short-term consolidation before further upward movement.
Trading data shows XRP has maintained steady gains despite occasional profit-taking. The token’s price range for the day spans from $2.90 to $3.40, demonstrating strong market interest and sustained buying pressure.
Market observers note the formation of bearish divergence on shorter timeframes, suggesting the possibility of a corrective phase. However, the overall trend remains bullish, supported by strong fundamental catalysts.
The possibility of XRP’s inclusion in a government cryptocurrency reserve represents a potential catalyst for future price appreciation. Such an initiative would mark a historic shift in U.S. monetary policy and cryptocurrency adoption.
Recent trading patterns show increased institutional interest in XRP, with rising volume across major cryptocurrency exchanges. The market continues to monitor technical indicators for signs of sustainability in the current price trend.
The price movement has occurred alongside broader market developments in the cryptocurrency sector. XRP’s performance has outpaced many other digital assets, with year-to-date returns of 57% and one-year returns exceeding 476%.
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