One of the biggest gainers of the last two months, Ripple (XRP) has surged more than 234% in the last 30 days, as traders anticipate the token to challenge the $5 mark in 2025. Indeed, traders have high hopes for the cryptocurrency as it enters the first year of US President-elect Donald Trump’s second non-consecutive term.
November saw the entire cryptocurrency market get a massive boost from Trump’s election win. However, considering the ongoing legal struggles that XRP had with the current administration’s US Securities and Exchange Commission (SEC), it may have the brightest future in the entire industry.
Also Read: Ripple (XRP) Gets Final Approval From NYDFS for RLUSD Stablecoin
Ripple to $5? Why 2025 May Be a Game-Changing Year for XRP
The cryptocurrency market has enjoyed an unprecedented bull market over the last month. Specifically, November has skyrocketed its value, bringing forth a plethora of firsts for the industry. Among them was Bitcoin’s surge to an all-time high above the $100,000 mark for the first time in its history.
However, one of the biggest gainers is Ripple, as XRP could be set to reach highs of $5 in 2025 based on its performance in recent weeks. The token has been a dominant performer, but can it outperform its current all-time high of $3.84 by more than a dollar within the next twelve months?
Also Read: Ripple Outperforms Bitcoin and Solana as a New ATH Could be Nearing
Over the last 30 days, XRP is up more than 235%, according to CoinMarketCap data at the end of the week. Moreover, it sustained gains over the last week, sustaining above the $2.43 level. Although its market cap and trading volume steadied, it had looked to maintain some notable momentum gathered last month.
Yet, there is immense optimism forming due to the presence of a bullish flag on its chart. Specifically, XRP saw a bullish flag pattern start forming in late October. Current chart data confirms that Ripple is in the midst of an Elliott corrective wave. Alongside the pattern, XRP has stayed above both the 50 and 100-day moving averages.
This indicates that Ripple has more room to go upward. For the pattern to be confirmed, the token would have to increase above the $2.90 mark. From there, there is a chance the asset could be pushed above the $3 psychological level. With all of the positive sentiment remaining from Trump’s election and Ripple’s stablecoin launch, a $5 XRP looks to be a potential target for the coming year.
