The price of XRP increased to $2.63 on Thursday, up more than 5% in the last 24 hours. This rise comes ahead of a significant crypto summit at the White House. XRP has recovered from recent lows of $1.95 and is up 26% by 2025, with a 343% increase over the past year.
President Donald Trump announced plans to establish a “Crypto Strategic Reserve,” which includes major cryptocurrencies such as Ripple (XRP), Solana, Cardano, Bitcoin, and Ethereum. This announcement caused a significant spike in the crypto market, with XRP experiencing notable price increases.
XRP Price Predictions in 2025
XRP price predictions for 2025 vary. Some analysts are optimistic that XRP could reach $3 by the end of 2024, while others predict a rise to $5 to $7 in the first half of 2025, driven by Ripple's progress. Factors such as increased institutional adoption and regulatory changes under the new administration are expected to influence this growth.
These developments demonstrate the ever-changing dynamics of the crypto market and the importance of keeping up with the latest news to make informed investment decisions.