XRP has started 2025 with all the right moves as the native asset of the Ripple network accumulates a 60% year-to-date gain.
Today, the token’s price retested its all-time high of $3.4 for the first time since January 2018 in a landmark moment that follows multiple legal victories against the United States Securities and Exchange Commission (SEC).
In its latest hostile decision against the company headed by Brad Garlinghouse, the SEC opted not to request the postponement of a deadline set by the court to appeal a July 2023 verdict that categorized the programmatic sales of XRP to retail investors as lawful.
Gary Gensler, the current leader of the SEC, decided not to give Donald Trump’s appointee for his job, Paul Atkins, the chance to weigh on the merits of this high-profile case and was criticized by Ripple’s executives for his evident bias.
However, none of these developments deterred XRP investors as they piled into the token this past week. The past 7 days alone have delivered gains of nearly 45%. Meanwhile, trading volumes in the past 24 hours have surpassed $27 billion, which is nearly 15% of the token’s circulating market cap.
Observers and analysts within the crypto industry believe that the Trump administration could favor Ripple’s goal to become the preferred platform for cross-border payments.
The launch of its stablecoin RLUSD recently is considered a pivotal step to achieve this goal and its legalization in the United States could propel the price of XRP to new heights.
XRP’s Rally Shows Sign of Exhaustion, But ATH Breakout Could Mean Big Gains in the Mid-Term
XRP decisively broke its $2.9 resistance this week and has now retested the $3.4 mark in what could be considered one of the best environments for this blockchain company to thrive.
Donald Trump’s win and its 2024 victory against the SEC, which was settled with a $125 million were the main catalysts that have propelled the price to these levels.
Now, the market may need actual proof that XRP can capitalize on these tailwinds. For now, this week’s rally is showing signs of exhaustion as the 1-hour chart shows a bearish divergence in the Relative Strength Index (RSI) that could result in a brief pullback, possibly to the $3 level.
Market participants may be ready to take some profits off the table after such a significant run and that would create room for later buyers to enter the game and possibly catalyze a move above $3.4 in the near future.
The Best Wallet Presale Could Outperform XRP in 2025
The presale event of Best Wallet ($BEST) keeps attracting investors’ attention lately after raising $7.3 million in a bid to dethrone the sector’s incumbents with innovative features and tools.
Crypto wallets have stopped innovating and the creators of Best Wallet come to change that narrative by introducing a toolkit to investors that they can use to their advantage.
One notable example is the ‘Upcoming Tokens’ feature, which allows users to identify promising crypto projects at an early stage. This feature has already delivered positive results as it spotted Pepe Unchained ($PEPU), a layer-two Ethereum scaling protocol, that delivered gains of over 700% to presale investors.
In addition, the app allows $BEST investors to keep track of the performance of this asset right after the claim date is reached. With over 60 different supported chains and hundreds of assets, Best Wallet could easily become the next leading crypto storage solution of this bullish cycle.
The $BEST token is the native asset of the Best Wallet app. During the presale event, the token is offered at a discounted price of $0.023625 which increases every three days to reward early supporters.
To buy $BEST, visit the Best Wallet presale website and connect your wallet. You can either convert USDT, ETH, or BNB tokens or use a bank card to complete the transaction.
Don’t stand on the sidelines in this market. The best opportunities are starting to arrive as altcoin season could soon begin. Invest in the Best Wallet presale today.
