The cryptocurrency market is evolving and consistently revamping to bring about new use cases and scenarios for investors to interact with. Ripple (XRP) is one such token that has lately been taking the market by surprise. The token has shown immense potential by battling a rough, patchy phase back in 2024 and is still showing signs of renewal with each passing day. Will Ripple surprise the investors by delivering major Q1 gains? Let’s find out.
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Factors That Could Help Ripple Gain Further Price Momentum
Ripple is currently at the forefront of a major market change. XRP is leading this charge as the token has always been a part of a highly speculative regime. For instance, XRP ETFs, which have lately been the ultimate center of the cryptocurrency world, could gain approval, helping XRP reach for the higher price realms. With a plethora of companies waiting in the queue to receive XRP ETF approval, this could be a momentous event for the token, enabling mainstream investors to interact with XRP in an organized setup.
Another notable development that could push XRP to gain immense value in Q1 is the justified ending of the Ripple vs. SEC case. Ripple has long been battling a cumbersome legal battle with the US SEC and has processed severe legal clashes that have ultimately led XRP to feel the heat. If before the end of this quarter, the SEC clears the years-long Ripple case, this development can also usher in a new price momentum for the token.
Furthermore, a stablecoin bill has recently been introduced by the US administration, which could turn the table around for RLUSD, Ripple’s newly launched stablecoin.
JUST IN: 🇺🇸 President Trump’s Crypto Czar David Sacks says stablecoins have the potential to ensure the US dollar dominance internationally. pic.twitter.com/yU5BTa25k6
— Watcher.Guru (@WatcherGuru) February 4, 2025
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The Token’s Path to $5
According to Dark Defender, a noteworthy cryptocurrency analyst, Ripple (XRP) could surge to $5.85 sooner as the token is already consolidating below the $3 mark.
“#XRP continues the daily correction and consolidates under the $3 level, which will be the breakeven point for continuing with our targets. Wave 3 indicates $5.85 is in sight and closer than ever before. This structure aims at $8+ levels with its 5th wave shortly. (Not financial advice) It has started to get exciting!
Hi all. I hope you all are fine! As promised, here is the updated daily structure! #XRP continues the daily correction and consolidates under the $3 level, which will be the breakeven point for continuing with our targets. Wave 3 indicates $5.85 is at sight and closer than ever… pic.twitter.com/pMRkUeQgbR
— Dark Defender (@DefendDark) February 4, 2025
If this prediction comes true, XRP could soon serve as a stellar breakout moment, rising high to hit $5 in the process, possibly before the end of this quarter.
However, per CoinCodex, XRP may continue to fight the $2.69 price mark by the end of March 2025.
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