Ripple Is Retreating But Seen Steady So Far
Ripple (XRP) is down 5.9% this week to $2.4500, underperforming the broader crypto market, where Bitcoin (BTC) has gained 1.8% to $98,651. XRP appears to be overheated after a massive Trump-driven rally that saw its price surge by 565% from November 5, 2024, to January 20, 2025. Unlike many other altcoins, XRP has retained most of its gains, solidifying its position among the top performers.
David Stryzewski, CEO of Sound Planning Group, told FOX Business that Bank of America is conducting 100% of its internal transactions using XRP—an impressive milestone but not enough to sustain the rally on its own. For XRP to continue its upward trajectory, markets need clarity on U.S. Bitcoin reserves, an easing of trade tensions, and potential monetary stimulus from the Federal Reserve. Without these catalysts, XRP may struggle to hold above the key $2.5000 support level and could enter a deeper correction.
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