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I was reviewing the XRP situation yesterday and found it interesting to note how the sentiment around it has changed quite a bit. The token is trading around $1.43 now, down 1.91% in the last 24 hours, but honestly, the context behind this is what catches the most attention for those following the XRP price forecast for 2025.
What caught my attention was this story about the meeting between Ripple's CEO, Brad Garlinghouse, and President-elect Trump. It seems investors are really betting on a possible favorable regulatory clarity. If we look back, since the November elections, XRP has surged over 300%, while Bitcoin and other major coins haven't experienced the same movement. Something is happening there.
Now there's this issue of the XRP ETF that is being anticipated. Several companies like WisdomTree and Bitwise have already submitted applications, and Ripple's team is signaling that approval could come "very soon." If that actually happens, it could open the floodgates for institutional investment. Additionally, their RLUSD stablecoin has been approved and is already on some platforms, which strengthens the ecosystem.
Technically speaking, XRP is at an interesting point. There is a key resistance at $3.6 that is crucial to monitor. If it manages to break through strongly, the more optimistic analysts talk about much higher possibilities. Peter Brandt, the experienced trader, even mentioned $8.7 if the bullish flag pattern confirms. Of course, that's ambitious, but with the combination of regulatory factors, potential ETF approval, and positive market sentiment, it's not entirely out of the question.
The critical support is at $1.325, so if we see XRP falling to that level and failing to hold, then the scenario changes quite a bit. But as long as it maintains this level, the upward structure remains valid. The XRP price forecast for 2025 circulating in the market is quite optimistic, but everything will depend on these regulatory developments moving off paper. I'll keep an eye on the next moves above $3.6.