XRP has recently surpassed its month-long resistance level of $2.73, currently trading at $2.85, positioning it for a potential new all-time high.

With Donald Trump's upcoming presidency and a shift in SEC leadership, there are expectations for more favorable regulatory conditions for cryptocurrencies.

Recent legal victories against the SEC have bolstered XRP's market position, generating increased trading interest among investors.

Market expert Bobby A notes that XRP's current movements resemble previous cycles that often precede significant price increases.

Analysts agree that while XRP shows strong growth potential, it must navigate broader market conditions and potential regulatory changes to fully capitalize on this momentum.

The current price action suggests a bullish triangle formation, indicating a potential breakout if XRP maintains its position.

Technical indicators are showing a bullish trend, with the hourly MACD gaining momentum and the RSI above 50, suggesting ongoing bullish pressure.

Experts caution investors to remain prudent despite the bullish sentiment, as the cryptocurrency market can be volatile and unpredictable.

Investors are advised to closely monitor key support and resistance levels for potential trading opportunities.

On January 15, 2025, the SEC will present its opening brief in the appeal against Ripple, marking a pivotal moment in the ongoing legal battle.

Ripple's initiatives to enhance cross-border transactions and recent regulatory clarity are seen as factors contributing to XRP's long-term growth.

Whale activity is influencing XRP's price dynamics, with recent accumulation suggesting potential upward momentum.