In the latest Ripple news, the XRP price has been up 30% since the start of 2025, with resilience in the crypto crash. But as WEPE closes on $50M, is it the best presale to buy?
Since nearly dropping below $2 at the end of 2024, XRP has slowly been recovering and is up almost 30% from its end-of-year lows. It continues to show strength at a time when the market as a whole has been suffering.
As the overall market begins heating up with Donald Trump taking his seat in the White House in less than one week, Ripple’s native token looks set to lead the charge.
XRP is about to go parabolic to New ATH and beyond
Few realise
— Crypto Michael (@MichaelXBT) January 14, 2025
SEC Rumoured To Not Appeal The Ripple Legal Case Ruling: Bullish For XRP If So
XRP price has been up 7.5% in the past 24 hours and is the second-highest gainer aside from DOGE (up 10%).
Next up for Ripple is the SEC’s 15th January deadline to file its opening brief in the appeal against Judge Torres’ ruling in the Ripple case. There is speculation that the SEC might not pursue the appeal.
Judge Torres’ ruling found that XRP sales to institutional clients violated US securities laws and imposed a $125 million fine on Ripple. However, the positive side of the ruling stated that XRP sales on exchanges and other public markets were not securities.
🚨BREAKING🚨
RIPPLE AND SEC CASE COULD BE 100% OVER BY JANUARY 15 IF THE SEC DOES NOT APPEAL. 🙌🙌
WE COULD BE IN FOR A HUUUUUGE FEW DAYS
— TheXRPguy (@TheXRP_guy) January 8, 2025
XRP Outflows Rise Ahead of SEC Deadline
The recent surge in price for XRP is backed by healthy net outflows of the token from major centralized exchanges. Binance reported outflows of $82 million, Bybit $63 million, and OKX $59 million. However, Coinbase users seem to be hedging, with over $65 million inflows.
Generally, when investors take tokens off an exchange, it indicates a move into cold storage, meaning a longer-term hold of the asset. Inversely, when an exchange sees an influx of a token onto its platform, it paints a picture of panicked investors ready to sell.
Since hitting an all-time high of $2.82 in early December 2024, XRP has struggled to break the $2.60 level, which now acts as heavy resistance. With XRP currently trading for around $2.57, this is a key level to watch. A bullish breakout over $2.60 would likely lead to a larger move up, with its previous all-time high and even $3 as short-term targets.
XRP Exchange Outflows Spike on Bybit: Rising Demand Signals Major Market Shift pic.twitter.com/Q2XIn2iRgA
— Brett (@Brett_Crypto_X) January 12, 2025
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