XRP has surged 12% in the past 24 hours, bringing its gains to 466% since early November 2024. This upward trend has analysts predicting a potential rally for XRP into double digits this year. The XRP/BTC pair recently broke above a multi-year descending trendline that had been a barrier since 2017. Analysts expect XRP to outperform Bitcoin significantly, with one projecting an increase of at least 538% over the coming months. XRP's ecosystem has also seen positive developments, attracting 58,000 new holders since the beginning of 2025, signaling community confidence. After breaking above the psychological level of $2.50, XRP broke out of a bullish pennant formation, setting its short-term target at $3.70. Analysts anticipate an increase beyond $14 as the market watches XRP closely, possibly spurred by the approval of spot XRP ETFs in the U.S. set for January 20, which could bring in substantial new investments.

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