CryptoWe Asked DeepSeek if Ripple (XRP) Can Hit New...

We Asked DeepSeek if Ripple (XRP) Can Hit New All-Time High This Year

-


TL:DR;

  • XRP became one of the top performers of 2024, and the start of 2025 was also quite promising as it came just 1% away from its all-time high of $3.4.
  • It has retraced since then, and the question now is whether it will be able to go into uncharted territory this year. Here’s DeepSeek’s answer.
XRPUSD. Source: TradingView
XRPUSD. Source: TradingView

XRP to New ATH Finally?

The daily chart above shows that XRP was stuck below $1 for years, and it was predominantly trading within a tight range between $0.35 and $0.6. It stood close to the latter as the US elections took place, but once it became known that Donald Trump will return to the White House, Ripple’s cross-border token exploded in value.

More positive news for the company behind it came from Gary Gensler’s departure announcement from the SEC, and this sent XRP further north. By the year’s end, the token had neared $3 and broke above it in January. Its peak came in the middle of the month, at just under $3.4, which is the 2018 ATH, according to CoinGecko.

Since then, XRP has been unable to push further and is even close to breaking below $3. However, there are more positive speculation in the US about its future, including a possible resolution of the SEC lawsuit as well as its introduction into strategic crypto reserve in the country.

DeepSeek, which made the headlines earlier this week by possibly becoming a cheaper version of ChatGPT, outlined the lawsuit against the US securities regulator as the most important factor behind another XRP rally.

“The ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has been a significant overhang on XRP’s price. A favorable outcome for Ripple could lead to a surge in XRP’s price as it would remove a major uncertainty.”

Other Factors

DeepSeek also mentioned the overall regulatory environment not only in the US but across the globe. Positive news on that front could “boost investors’ confidence,” especially those who tend to stay away from the uncertainty regarding XRP’s status in the States.

This could also enhance the XRP adoption rates, as well as lead to more strategic partnerships for the company behind it. The AI chatbot further indicated that the overall market conditions, meaning mostly BTC’s price movements, have to remain as bullish as they were in the past few months or even go beyond for XRP to resume its rally.

Lastly, DeepSeek said XRP could benefit a lot from an altcoin season. It’s currently the second-largest alt and, given ETH’s underperformance lately, could be among the leaders in terms of further gains against the dollar and BTC. However, there have been many industry experts who doubted the existence of an altseason under the current market conditions.

In conclusion, the ChatGPT alternative said it’s quite probable that XRP can indeed reach a new all-time high this year, but it needs the alignment of at least a few of the aforementioned factors.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Bit on that thang! Michael Saylor ‘orange pills’ the Hawk Tuah girl

Bitcoiners applauded a post by Marty Bent’s TFTC that claimed Michael Saylor convinced the Hawk Tuah girl to...

Apple reportedly launching a new event invite feature code-named Confetti

Apple will be giving iCloud users a new way to invite people to parties, meetings, and other events,...

XRP Market Update: A Symphony of Bearish Signals Amplifies Downward Trajectory

On Feb. 2, 2025, XRP oscillated at $2.57 to $2.61 over the last hour, its market valuation eclipsing...

Forbes Ranks CME Group, Coinbase, and Bitstamp as Top Crypto Exchanges of 2024

Forbes has released its third annual “Best Crypto Exchange” ranking, evaluating over 200 firms based on security, trading...

Advertisement

Ripple class action lawsuit moves to final judgement as XRP pumps

Ripple’s token XRP is up to $0.80 after the SEC faces a lawsuit from 18 US states. Now,...

Must read

Bit on that thang! Michael Saylor ‘orange pills’ the Hawk Tuah girl

Bitcoiners applauded a post by Marty Bent’s TFTC...

Apple reportedly launching a new event invite feature code-named Confetti

Apple will be giving iCloud users a new...

You might also likeRELATED
Recommended to you