On January 8, Ripple CEO Brad Garlinghouse revealed his meeting with President-elect Donald Trump for dinner at Mar-a-Lago. Let’s discuss how this meeting impacts XRP price and price prediction for January 2025.
Read More: Ripple CEO Brad Garlinghouse Confirms Mar-a-Lago Meeting with Donald Trump
Impact of Ripple CEO & President-elect Donald Trump’s Meet on XRP Price
A recent X post revealed that Ripple CEO Brad Garlinghosue and CLO Stuart Alderoty met with President-elect Donald Trump for dinner at Mar-a-Lago. This development for Ripple comes after Brad Garlinghouse’s recent comment about the most “pro-crypto congress” ever. It shows that things are falling into place for the crypto space but more so for Ripple and XRP.
This meeting could be considered one of the most bullish developments for Ripple and XRP after their win against the US Securities and Exchange Commission (SEC) for two reasons.
Reason 1: Crypto has been in the crosshairs of regulators under Biden’s administration. Digital asset companies and developers were being sued. However, with Trump winning the US presidential elections, the outlook has flipped on its head. The recent dinner with Trump is a subtle hint that 2025 will be a good year for Ripple with the “backing” of Trump and US regulators.
Reason 2: Ripple’s win in the SEC vs. Ripple lawsuit propelled XRP’s value to double in under 24 hours. Unlike this situation, the meeting with Trump will likely serve as a foothold that helps XRP, the remittance token, flourish in the long run.
These reasons will open the door for partnerships that could positively impact the price of Ripple (XRP).
How will this development affect XRP price prediction for January 2025? Will it help raise the targets or reduce them?
XRP Price Prediction
This XRP price prediction for January is divided into two phases. The initial phase involves a correction that allows investors to accumulate XRP. The next phase will see Ripple skyrocket to new highs.
The four-hour chart shows that XRP rose 126% between November 26 and December 3, pushing the price from $1.28 to $2.91. After this impulse move, a lack of bullish momentum coupled with profit-taking pushed Ripple to consolidate between the $2.17 and $2.91 range.
XRP price today trades at $2.30 after 6.17% on Tuesday, but it’s likely to continue its descent. The key support levels for a short-term buying opportunity include the demand zone, extending from $1.99 to $2.13 and the 62% Fibonacci retracement level at $190. Investors must note that Bitcoin will be crucial in determining bias for XRP and the rest of the crypto markets.
A recent CoinGape article noted that Bitcoin could sweep December lows before kickstarting a bull run. This drop in BTC aligns with the aforementioned correction thesis for Ripple, making these dips an opportunity to accumulate XRP.
XRP Price Targets For January 2025
Ideally, the timeline for a dip into $2 to $1.90 territory should occur around January 20, 2025, when President-elect Donald Trump will be inaugurated.
The last week of January 2025 should see a comeback in Bitcoin and altcoin season, allowing XRP to flourish. Investors who accumulated dips in the aforementioned zone should consider booking profits at 161.8% Fibonacci extension level at $3.36, just under the all-time high of $3.40.
From late January to early February, XRP price could set up a new ATH at around $3.5 to $4.0.
Concluding Thoughts
The meeting between Ripple CEO Brad Garlinghouse and President-elect Donald Trump could have a positive impact on XRP’s price. With Trump’s pro-crypto stance and the recent win against the SEC, Ripple is poised for a bullish run. The predicted correction in January 2025 will provide investors with an opportunity to accumulate XRP, which could then skyrocket to new highs, potentially reaching $3.5 to $4.0 by early February 2025.
Frequently Asked Questions (FAQs)
Ripple won the lawsuit, causing XRP’s value to double in under 24 hours.
The meeting could lead to increased adoption and partnerships, positively impacting XRP’s price.
The predicted targets include a potential dip to $2 to $1.90, followed by a surge to $3.36, and potentially a new ATH at $3.5 to $4.0.
Akash Girimath
Akash Girimath, an engineer by training, has developed a deep fascination with the complexities of cryptocurrency markets. As a senior reporter and analyst, he specializes in crypto analysis and contributes his expertise to notable platforms such as AMBCrypto and FXStreet. In addition to his analytical work, Akash actively trades cryptocurrencies and manages a small crypto fund for friends and family. His role involves providing insightful market analysis and keeping readers informed about the latest trends in the crypto world. Follow Him on Youtube , X and LInkedIn
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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