Is XRP Worth Buying At Current Crypto Prices?

XRP has pumped 230% in the last 1 year. But will this pump continue? Is it a good time to get into XRP right now? Big-cap XRP crypto is cool again.

And one of the coolest right now is XRP. Do you remember when their dedicated community was called the XRP Army? And it was one of the biggest and strongest communities in the industry?

Even back in 2022, as you can see here, they were deeply involved on X. Well, they’ve been here this whole time and never went away. And long-term holders are being rewarded now. Are you a long-term holder of $XRP? And if not, should you be? Today, we hit on the bull case for Ripple into 2025.

Q4-2024 for Ripple

The fourth quarter for Ripple and XRP was a crusher.

• XRP Price Performance

First, $XRP surpassed BNB to the #4 spot with a market cap of $118 billion. Only Bitcoin, Ethereum, and Tether have higher market caps. Its price performance in the 4th quarter is an amazing move from 58c to over $2 or a 3x in only 3 months.

Large caps aren’t supposed to have big explosions upward like this, right? Well $XRP did. And they are in a unique position to benefit in 2025, too.

• Trump Win

It seems like ages ago already but it wasn’t. It was November 5th that the US Presidential election took place. The Trump win changed some things. And among the benefits here for our industry are crypto-friendly appointees like Paul Atkins for SEC chair. This one change alone from Gary Gensler to Atkins is a huge plus for the industry. 

As those of you in the XRP Army know, the SEC case has been dragging on for a long time. This change in leadership is a big win for XRP. More details on the case coming up. Having a crypto policy team is a new thing, too. David Sacks appointment here is again, another big plus for the industry and for XRP.

Our Altcoin Buzz Alpha group has been following the case closely as well as other projects like ADA since it looks like Founder Charles Hoskinson is going to be on the policy team as well. Our researchers have been crushing the calls post-election so check it out and see how we can help your portfolio.

• $RLUSD Approval

Ripple’s stablecoin to use on the XRPL (XRP Ledger) and for use in CBDC implementations got approval this quarter too. In just the last 24 hours, and partly on fear of the USDT delistings in Europe, $RLUSD trading volume is up 170%. In just one day.

That’s great progress. But the big news was its approval by the notorious NYDFS. That happened in early December. The list of NYDFS-approved coins is VERY small. So being on this list means institutions and even other governments, like CBDCs, can use $RLUSD without compliance issues. That’s a big deal if Ripple becomes the player in the country issuance of CBDCs.

$RLUSD has a great chance with this NYDFS approval to get some of the USDT delisting business in Europe as people move to other stablecoins. As you can see, while it was a good quarter for the entire industry, it’s clear why $XRP is outperforming a lot of the market.

More on the SEC Case

Now back to the SEC case. The election in November gave people permission to start questioning things like the SEC Ripple case and Operation Chokepoint 2.0. People are no longer afraid to call it at a minimum Government agency overreach or worse, illegal and unconstitutional.

It’s natural to think Ripple will be done with the case soon especially when Trump makes announcements like the 10 for 1 here. The idea of replacing 10 old regulations for every 1 new one is appealing to many people and industries. And of course, that includes crypto and includes Ripple against the SEC. The SEC is bound to get some regulations cut and be more industry-friendly in general.

Then as mentioned earlier, Gensler leaves and Atkins takes over. That’s addition by subtraction no matter what Atkins may or may not do in the role. But Atkins is on the board of Securitize so he is bullish on crypto and esp on the RWA sector. There are lots of reasons to be optimistic as an $XRP holder.

Is $XRP Worth Buying at These Levels?

So this begs the question, is $XRP worth buying at these levels? Looking at the long term chart, the last time the price was anywhere near this level was April 2021. So everyone holding since then is in profit now. But are you or other $XRP holders taking profits?

It looks like the answer is no. Since mid November, post election, whales have been BUYING $XRP in record numbers including $526 million worth in one week in late November that’s the most whale buying in 3 years.

So the biggest holders are the most bullish. And one last piece of good news. $XRP is not overbought. At least not in the public’s opinion. We know this thanks to the fear and greed index. If people are too greedy, that’s a sign most who wanted to buy have bought already and a selloff is near. But now $XRP is back in the fear range. And that’s good. 

This means there is lots more room to run up here. For those of you who are more risk averse, you may want to wait until the final SEC decision or until Atkins gets Senate approval for his appointment to lead the agency. Or mix in taking some profits on the way up. Otherwise, it looks like 2025 is shaping up for an excellent year for Ripple and the XRP Army.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.