As of January 31, 2025, XRP is trading at approximately $3.09, reflecting a slight decrease of 0.96% over the past 24 hours.
Over the past week, XRP has experienced notable volatility. On January 27, it surged by 11% to $3.20, contributing to a year-to-date increase of over 30%. However, on January 28, XRP declined by 11% to $2.75, influenced by market reactions to a Chinese firm's announcement of an advanced artificial intelligence model.
The following days saw a recovery, with XRP rising to $3.06 on January 29 and $3.11 on January 30.
Recent market movements have been influenced by broader economic factors, including the Federal Reserve's decision to maintain interest rates and ongoing discussions about U.S. economic policies.
Additionally, investor optimism has been bolstered by President Donald Trump's initiatives to promote the U.S. as a crypto hub.
Please note that cryptocurrency markets are highly volatile. It's advisable to consult multiple sources and exercise caution when making investment decisions.