XRP News Today: Will XRP Finally Break $5 as PlutoChain Gains Whale Attention?

SEC chief Gary Gensler resigned as Trump took office again, sparking optimism for XRP amid its legal battle. With a favorable outcome more likely, traders speculate if XRP could hit $5 soon. We’ll analyze market trends and expert predictions.

We’ll also cover PlutoChain ($PLUTO), a Layer-2 solution that has real potential to solve Bitcoin’s long standing issues like scalability and lack of use-cases.

Let’s break it all down.

XRP’s Push Towards $5 Mark Looks More Possible Than Ever

As of January 23, 2025, XRP stands at $3.08 after a slight dip of 2.87% from the previous day.

It has ranged between $3.07 and $3.27 over the day. With a market cap of $177 billion and a circulating supply of 57.56 billion tokens, XRP remains a dominant player in the space.

The Relative Strength Index (RSI) sits at 50, signaling neutral momentum for the asset.

The crypto landscape is seeing significant changes with Donald Trump back in office.

His administration has indicated plans to reduce regulations on the cryptocurrency industry and encourage broader adoption of digital assets.

Announcements include the formation of a crypto advisory council and efforts to push for changes in SEC policies that impact crypto companies.

While the potential for XRP to reach $5 remains uncertain, the evolving regulatory environment might provide the boost needed to push its value higher in the coming months.

CryptoBall, an analyst on X, believes XRP could climb to $13 in the next few weeks and potentially exceed $20 during this bull market. His prediction is based on Elliott Wave Theory, which points to major price surges once a breakout occurs.

Ali, a crypto analyst, has an even bolder outlook for XRP.

After its breakout from a multi-year symmetrical triangle, he predicts a conservative target of $8.40 and an optimistic high of $48.12.

PlutoChain ($PLUTO) Could Improve Bitcoin’s Biggest Pain Points – Slow Processing Times and Lack of Tangible Use-Cases

Bitcoin has always faced challenges like slow transaction times, high fees, and network congestion.

PlutoChain ($PLUTO) may have a potential solution with its Layer-2 network designed to work alongside Bitcoin. It could make BTC faster, more cost-effective, and scalable for modern applications.

With Bitcoin’s block times stuck at 10 minutes, it often struggles to keep up with faster networks like Ethereum and Solana.

PlutoChain on the other hand can massively improve that, with its own network processing blocks at just 2 seconds.

This upgrade could make Bitcoin far more practical for smart contracts, DeFi platforms, and other advanced blockchain tools.

Thanks to its Ethereum Virtual Machine (EVM) compatibility, developers could also move Ethereum projects to Bitcoin’s ecosystem, expanding what’s possible on the network.

In testing, PlutoChain has shown it can handle up to 43,200 transactions per day without breaking a sweat, proving it’s ready for broader adoption.

Security has also been a top priority, with PlutoChain clearing audits from SolidProof, QuillAudits, and Assure DeFi. Regular reviews and stress tests reinforce its reliability and safety for users.

With a decentralized governance model, users can actively participate in key decisions—like partnerships and system upgrades—giving the project a level of transparency and inclusion that’s rare in the space.

PlutoChain might just be the tool Bitcoin needs to reach new heights while addressing long-standing frustrations.

Final Thoughts

XRP has shown impressive strength, holding its ground despite the ongoing legal tussle with the SEC.

The possibility of clearer regulations under the new administration has added a sense of optimism, with many experts expecting more growth for the token in the near future.

At the same time, PlutoChain ($PLUTO) is showing a lot of potential for fixing Bitcoin’s main problems.

With these advancements, PlutoChain’s mainnet launch could spark significant interest.

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Please keep in mind that this article is not financial advice. All crypto tokens are volatile, and trading involves risk. Always do your own research and consult a qualified expert before joining any crypto venture. Mention of any tokens in this article does not guarantee future performance. Statements regarding the future carry risks and are not assured to be updated.

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.