XRP News Today: XRP Surges 600% in 2024-2025 Rally Led by Trump

XRP, a major cryptocurrency, experienced a significant surge of nearly 600% between November 2024 and January 2025. This rally positioned XRP as the top performer among major cryptocurrencies during the market-wide upswing led by the US President Donald Trump.

Market commentator John Squire highlighted that the true value of XRP lies in the seven years of setbacks that preceded this jump. He emphasized that if patience were a crypto token, XRP holders would already be billionaires, given the years of holding through crashes and legal fights.

XRP's recent rally has caught many by surprise. The coin skyrocketed from approximately $0.11 at the start of November 2024 to nearly $0.75 by the end of January 2025. This surge suggests that fresh money is driving the price higher, rewarding traders who have endured years of mild gains and deep dips.

From March 2017 to January 2018, XRP experienced a meteoric rise of over 68,000%, peaking at $3.84. However, this blistering run was followed by a brutal 97% slide by March 2020, when prices hit $0.1140. In November 2020, another bounce nearly doubled the price, but the US Securities and Exchange Commission lawsuit undercut that move, sending XRP down 67% in December 2020, its largest monthly loss ever.

Despite these challenges, the number of XRP holders continued to grow. In January 2018, about 986,000 wallets held XRP. By December 2022, over 3.53 million new addresses had joined the network, pushing the total past 4.5 million. This surge of interest occurred even as many US and Canadian exchanges paused trading, indicating that newcomers and long-time believers continued to invest despite regulatory and market uncertainties.

While the latest rally is impressive, it comes against a mixed crypto backdrop. Bitcoin and Ethereum have shown uneven strength, and overall sentiment is cautious. Some traders warn that sharp gains can trigger profit-taking events, especially if the wider market cools or if the SEC lawsuit sees new twists.

Some analysts are setting high bars for XRP. Analyst BarriC recently stated that he isn’t satisfied selling at $2 after years of holding. His target? A lofty $100 for XRP. That would mean a market cap rivaling the biggest tokens today. Whether that happens depends on fresh adoption, legal clarity, and broader crypto health.