On Thursday, January 23, XRP declined by 1.87%, reversing Wednesday’s 0.13% gain to close at $3.1187. XRP underperformed the broader crypto market, which edged 0.08% higher, taking the total market cap to $3.51 trillion. The Better Markets filing and the SEC’s silence on the Ripple case fueled market uncertainty, pressuring XRP.
XRP’s near-term trends hinge on the SEC’s appeal strategy. A pause or withdrawal could drive XRP above its all-time high of $3.5505. Conversely, pursuing the appeal could push prices below $2.50.
Market Outlook
XRP and BTC face pivotal moments amid shifting regulatory and political landscapes. XRP’s future hinges on the SEC’s appeal strategy under Acting Chair Mark Uyeda, while BTC’s trajectory depends on Trump administration policies and ETF inflows. Regulatory clarity will likely play a decisive role in influencing market sentiment in the weeks ahead.
Stay updated with our expert analysis of these developments and their implications for crypto markets.
