5 Indicators Proving $XRP Could Explode This Month
In January 2025, Ripple's XRP seems ready for a significant price surge, according to cryptocurrency data. Since the beginning of the year, XRP has increased by 7%, extending the bullish trend that started during the New Year celebrations. This increase is supported by five key factors, allowing XRP to reach new heights in the coming days.
Is XRP Ready to Reach New Heights?
Cryptocurrency data shows XRP is poised to reach new highs in early 2025, thanks to five key factors.
Accumulation of Long-Term Holders:
Long-term XRP holders (LTH) have continued to accumulate, far surpassing sellers on major cryptocurrency exchanges since the beginning of 2025, thus supporting the price increase.
Increased Buying Pressure:
On-chain data over the past 24 hours indicates that buying pressure is dominant, with a net outflow of XRP from major exchanges ( Binance , OKX, Bitstamp, and Bybit), showing strong demand for this cryptocurrency.
Overcoming Key Barriers:
XRP may test the resistance level at $2.9 after breaking out of a symmetrical triangle pattern, paving the way for new historical highs.
The Role of the SEC:
The appointment of Paul Atkins, a cryptocurrency supporter, as the head of the SEC on January 20 could ease legal barriers for Ripple, facilitating XRP's rise.
Profit Taking:
After XRP's price surged by 12% on Wednesday, cryptocurrency investors took home over $1 billion in profits, but long-term holders continue to accumulate, thereby supporting the bullish trend.
Future Prospects
