The XRP price has dipped by 1.5% in the past 24 hours, falling to $2.31 as the crypto market suffers a 3% fall today.
XRP is now down by 4% in a week, but remains up by 5% in a fortnight and by a very impressive 300% in a year.
Its move today comes as news emerges that Ripple’s Brad Garlinghouse and Stuart Alderoty met for dinner with President-elect Donald Trump at the latter’s Mar-a-Lago resort.
While this hasn’t done too much to shift XRP’s price today, it prevented steeper falls yesterday, and in the longer term is likely to clear the way for significant price growth in the future.
XRP Eyes Breakout After CEO Garlinghouse Meets Trump – Is $10 Possible?
Posting on X yesterday, Ripple CEO Garlinghouse revealed that he and his firm’s legal counsel, Stuart Alderoty, met with Trump for dinner.
He didn’t divulge what exactly the trio discussed, but given the presence of Alderoty, it’s reasonable to assume that they broached the subject of Ripple’s legal status.
The company is currently facing appeals from the SEC, which is in the process of challenging certain aspects of the ruling Judge Analisa Torres delivered in 2023 in the long-running legal battle between the two parties.
It’s possible that Garlinghouse and Alderoty are pushing Trump and his incoming administration for a quick end to this saga, with Trump’s pick of the pro-crypto Paul Atkins as the new SEC Chairman potentially going some way to doing just that.
However, it seems that the market has not really taken this latest meeting between Garlinghouse and Trump (the pair also met in November) as new information, with XRP surging in the first few weeks after the US election.
Today, its chart shows a continued loss of momentum, with its indicators moving into oversold positions.
Source: TradingViewFor instance, its relative strength index (purple) has dropped below 50 and seems to be on its way to 30.
Meanwhile, its 30-period average (orange) is also descending, with XRP potentially not recovering until it crosses below the 200-period average (blue).
Either way, XRP will make a recovery sooner or later, given the strength of its fundamentals and the largely positive market conditions.
It’s likely that the next few months, with the inauguration of Trump out of the way, will help it return to $2.50, before reaching $3 by H2.
Likewise, if the current overall market momentum continues, $10 XRP could be on the cards in late 2025.
High Returns with New Presale Tokens
As strong as XRP looks, its status as an established token could mean that it’s not one of this year’s best performers, with newer coins likely bringing more dramatic gains.
This is likely to include presale tokens, which are often promising in that they build up a strong following and investor base prior to listing.
A great example of this comes from Flockerz (FLOCK), an ERC-20 token that has raised an impressive $9.2 million in its soon-to-be-ending sale.
Flockerz is interesting because it’s the market’s first vote-to-earn token, with its platform rewarding holders for participating in governance votes.
This is likely to make FLOCK a very profitable token to hold, seeing as how every decision concerning its growth and development will be decided by holders.
Owners will also be able to stake the coin, earning a staking income on top of any voting rewards.
FLOCK could therefore enjoy significant demand, with the coin having a max supply of only 12 billion.
25% of this supply will go to staking, with 25% going to governance rewards and 20% to the coin’s presale.
Its sale will end in 13 days, with investors able to join by visiting its official website.
FLOCK is selling at its final presale price of $0.0066616, although it’s likely to rise much higher once it lists for the first time.
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