XRP Price Breakout: Could New All-Time High Be Within Reach?

XRP price is trading at $3.32, reflecting a 16.41% increase in the last 24 hours. The token started the day at $2.86 and slowly rose throughout the day, hitting a high near $3.31.

Now, XRP is trading at a 18% discount to its all-time high of $3.84 set in the beginning of 2018.

According to market analysts, XRP may once again reach its ATH in the near future due to the bullish sentiment and high trading volumes.

As per CoinCodex, XRP may cross $4 in March 2025 with the maximum predicted price of $4.61. This would be a 48% hike from the current price.

Other analysts predict a short-term target of $5.85 for XRP, driven by a surge in trading activity and renewed investor interest.

This price rally comes amidst speculation about changes at the U.S. Securities and Exchange Commission (SEC).

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With current SEC Chair Gary Gensler set to step down on January 25, there are rumors that the agency may begin dropping some non-fraud-related crypto cases, further boosting market confidence.

Legal Developments and SEC Challenges

On January 15, 2025, the SEC appealed the previous ruling in its case against Ripple Labs. The appeal questions a July 2023 ruling by Judge Analisa Torres in which she ruled that XRP sales to retail investors are not securities.

However, it agreed on the point that the sales of XRP to institutional investors are legitimate securities.

The SEC’s filing also takes issue with the court’s decision to exclude XRP used for employee compensation and business from the securities classification.

Ripple’s Chief Legal Officer, Stuart Alderoty, said that the SEC’s arguments are repetitive and unconvincing.

He said that change in the focus of regulation could assist in the settlement of the current issues and create guidelines within the industry.

This comes as another boost for XRP, this time a U.S. Congressman Guy Reschenthaler revealed that he bought up to $15,000 XRP, indicating that more people are holding XRP.

Disclosures of such high profile investments are usually bullish and attract retail and institutional investors in the market.

Since the SEC is still going after Ripple, XRP has not been affected much in its price. The trading volume has increased, indicating increased interest and confidence in the token.

Legal experts say that the SEC’s position may not be as strong especially so with the change in leadership at the SEC.

XRP Price All-Time High Debate

However, the discussion regarding the historic high of XRP has now come to the fore as the digital currency enjoys its present price action.

Ripple’s CTO David Schwartz pointed out that the value of XRP at $3.84 in 2018 was partly overinflated by wrong exchange rates from Korean exchanges.

Schwartz also agreed that traders did not actually give or receive this price at that time.

These clarifications have not subdued the crypto community, as the enthusiasts now await new achievements such as the upcoming target of $5.85.

What Next For XRP and Ripple

With Gensler stepping down soon from the SEC, the crypto market expects changes in the commissions’ stance on regulation.

Ripple’s leadership sees an opportunity for collaboration and growth under new leadership, focusing on establishing clearer, more predictable rules.

This optimism is seen in Ripple’s XRP price as analysts expected the digital asset to continue on that path in the next few weeks.

Ripple’s courtroom victories and the possibility of a more constructive regulatory environment have positioned XRP as a standout asset in the crypto space.