Ripple’s XRP token is facing considerable trouble. The SEC filed a lawsuit against the fintech company in December 2020, leading to a substantial challenge to the price of XRP. The asset struggled to gain traction even during the 2021 bull market. However, things changed by the end of 2024 after Donald Trump won the 47th presidential election. Trump’s victory raised hopes that the SEC vs. Ripple lawsuit would come to a halt. The price of XRP rose from $0.50 in November 2024 to over $3 in January 2025. Asset prices rose more than 500% in about three months. Let’s discuss whether XRP can repeat the rally from late 2024 to early 2025.
Will XRP be able to recreate the bull market of 2024-2025?
XRP’s rise from $0.50 to $3 was fueled by the SEC vs. Ripple lawsuit settlement. Since the litigation ended, XRP’s performance has taken a hit amid a significant market correction. XRP rose to an all-time high of $3.65 on July 18th. Since its July high, XRP price has fallen over 44%.
If the price of XRP increases by another 500%, the price will reach $12. Reaching $12 from current price levels will not be easy. According to Telegaon analysts, XRP will reach the $12 level in 2028, more than three years from now.
It is also possible that XRP will reach the $12 level sooner than expected. Several spot ETFs were launched in this asset earlier this year. As seen in the case of Bitcoin (BTC), ETF inflows can lead to significant price increases for XRP.
Moreover, many industry experts predict that Bitcoin (BTC) will hit a new all-time high in 2026. BTC reaching new highs could be a big help for XRP to reach $12.
