XRP surged to a new seven-year high on January 16, 2025, coming within two cents of its all-time peak of $3.40 set in January 2018. The cryptocurrency reached $3.38 before retreating slightly to $3.30, reflecting a 10% increase over 24 hours. Over the past week, XRP has skyrocketed by 45%, with an impressive 560% rise since November 5, following pro-crypto Republican Donald Trump's election win. Anticipation surrounding Trump’s administration is driving XRP’s momentum, with expectations of XRP ETFs possibly being approved under his SEC, after years of legal clashes with Ripple. On the regulatory front, the SEC has appealed a recent verdict that favored Ripple, aiming to reverse a classification of XRP. Ripple's CEO met with Trump last week, hinting at a positive start for the year, both for Trump’s administration and XRP's market performance.

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