XRP's price saw a significant increase of 11.92% on January 1, 2025, marking its largest daily return since December 2. The XRP/USD pair broke through a key resistance at $2.30 after finding support at $2 for two weeks. This surge followed Ripple's transfer of 500 million XRP tokens from its escrow account, which drew attention due to an accompanying message referencing Donald Trump's upcoming inauguration, suggesting potential positive market impacts. Open interest in XRP futures also rose sharply from $1.86 billion to $2.37 billion, driven by new long positions. Additionally, short liquidations reached their highest point since December 20, with over $15 million liquidated in 24 hours, contributing to the bullish breakout. XRP's exchange reserve on Binance decreased, indicating possible buying activity during price corrections. The article notes that while XRP has a generally bullish outlook on daily and weekly charts, key resistance levels between $2.50 and $2.60 could limit further gains.

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