XRP Soared 18% -

XRP Soared 18%

Jan 16, 2025Jeremy ParkinsonFinance0

XRP surged 18% on Wednesday, outperforming Bitcoin and Ethereum

Optimism grows over crypto-friendly U.S. policies

XRP whales acquired $2B in tokens, driving momentum

Ripple’s 2025 plans may help strengthen its position as a topo digital asset provider

Ripple (XRP) has witnessed significant growth, surging 18% on Wednesday, January 16, far outpacing Bitcoin’s 4% and Ethereum’s 7% gains.

This rally comes amid optimism around anticipated crypto-friendly policies under the incoming Trump administration.

Additionally, a favorable U.S. Consumer Price Index (CPI) report – showing a core rate of 3.2% (slightly below the expected 3.3%) – further bolstered market sentiment.Reports of XRP whales acquiring $2 billion worth of tokens within 48 hours last week have also added momentum to recent growth.Looking ahead, Ripple has big plans for 2025 which may help strengthen its position as a top digital asset provider for financial institutions.
Key initiatives include:

Advancing the XRP Ledger with key initiatives to enhance its utility. It is developing an Ethereum Virtual Machine (EVM)-compatible sidechain to enable smart contracts and interoperability across blockchains

Ripple has launched RLUSD, a USD-backed stablecoin integrated with Ethereum and XRPL, targeting enterprise use

Following its acquisition of Metaco, Ripple now offers institutional-grade custody solutions for secure digital asset management

Additionally, Ripple is expanding its Payments Direct platform to improve cross-border efficiency for fiat and crypto transactions.

More By This Author:Brent Set For Longest Weekly Gains Since July 2024 GBPUSD Drops To Its Lowest Since Nov 2023 Brent Eases Below $76 After New 2-Month High