$XRP

This month, January 2025, brings several important news about the XRP coin:

1. **Current Price**: As of January 31, 2025, the price of XRP is around $3.10390, after witnessing a significant rise in the past weeks. The highest historical price of the coin was $3.3963 on January 16

2. **Market Performance**: XRP ranks third in terms of market value, with a market value of around $184.27 billion. The trading volume over the past 24 hours has also reached $10.2 billion, indicating significant activity in the market.

3. **Price Predictions**: According to Elliott Wave analysis, the price of XRP is expected to witness a downward correction during this week, with expectations of reaching the $2.930 level.

However, expectations indicate that the price may rise in the coming months, as it is expected to range between $3.10 and $3.70 in February.

4. **Legal Developments**: After Ripple won its case against the US Securities and Exchange Commission (SEC) in 2023, XRP saw a price increase. This ruling deemed XRP not a security, which contributed to strengthening confidence in the currency.

5. **Future Trends**: Analysts expect XRP to continue to grow in the long term, with the possibility of reaching higher levels in the coming months, especially with the increasing use of the currency in financial institutions

Disclaimer: What is mentioned here is not a recommendation or the like, but rather an extrapolation only