XRP Hits 7-Year High

By Anthony • January 15, 2025 3:03 pm • Comments

XRP has hit a 7-year high at $3 after entering the new year at $2.1.

Like much of the crypto market on Monday, XRP dipped as low as $2.33, but this morning, it rallied to $3, marking its highest price since January 2018.

In the past 24 hours, whales have been accumulating XRP.

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Crypto analyst Ali Martinez reported the number of transactions with a value of $1 million and over has hit 341 in the last 24 hours.

Per Coin Market Cap:

XRP entered the new year at $2.1 after the crash that transpired at the end of 2024, which pushed it south to just under $2. It bounced off in the following days and challenged $2.5 on a couple of occasions before it was ultimately rejected.

As reported on Monday, the asset dumped hard to $2.33, but its decline was a lot less painful compared to the rest of the market.

Since then, XRP has gone on a tear, surging past several resistance levels. Earlier this morning, the asset tapped $2.9 to mark a new 7-year high, only to break it a few hours later. Just minutes ago, it went on the run once again, this time tapping $3 for the first time since January 2018.

The next mark in sight is the all-time high registered back then of $3.4 (according to CoinGecko). This rally comes on the heels of massive whale accumulations, as well as other possible reasons which we have discussed here.

Popular crypto analyst Ali Martinez outlined another growing part of the overall Ripple ecosystem. He noted that the number of massive transactions with value of over $1 million has hit 341 in the past 24 hours, which is a substantial increase compared to the previous days.

Per Coinspeaker:

XRP, the third-largest digital asset by market capitalization, has hit the $3 price tag for the first time since 2018 when it hit its all-time high of $3.84. The cryptocurrency has soared a monumental 14.45% in the past 24 hours and trades at $2.94 at the time of writing after reaching a daily high of $3.02, claiming a valuation of $168 billion.

According to data provided by CoinMarketCap, XRP’s trading volume rose a massive 154.53% in the past 24 hours to $19.11 billion. This significant price surge comes amid the anticipation of the United States Securities and Exchange Commission’s (SEC) opening brief that the agency is set to file today in the XRP lawsuit.

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