We Asked DeepSeek if Ripple (XRP) Can Hit New All-Time High This Year – Crypto News – Crypto News
Connect with us
We Asked DeepSeek if Ripple (XRP) Can Hit New All-Time High This Year We Asked DeepSeek if Ripple (XRP) Can Hit New All-Time High This Year

Cryptocurrency

We Asked DeepSeek if Ripple (XRP) Can Hit New All-Time High This Year – Crypto News

Published

1 year ago

on

TL:DR;

  • XRP became one of the top performers of 2024, and the start of 2025 was also quite promising as it came just 1% away from its all-time high of $3.4.
  • It has retraced since then, and the question now is whether it will be able to go into uncharted territory this year. Here’s DeepSeek’s answer.
XRPUSD. Source: TradingView

XRP to New ATH Finally?

The daily chart above shows that XRP was stuck below $1 for years, and it was predominantly trading within a tight range between $0.35 and $0.6. It stood close to the latter as the US elections took place, but once it became known that Donald Trump will return to the White House, Ripple’s cross-border token exploded in value.

More positive news for the company behind it came from Gary Gensler’s departure announcement from the SEC, and this sent XRP further north. By the year’s end, the token had neared $3 and broke above it in January. Its peak came in the middle of the month, at just under $3.4, which is the 2018 ATH, according to CoinGecko.

Since then, XRP has been unable to push further and is even close to breaking below $3. However, there are more positive speculation in the US about its future, including a possible resolution of the SEC lawsuit as well as its introduction into strategic crypto reserve in the country.

DeepSeek, which made the headlines earlier this week by possibly becoming a cheaper version of ChatGPT, outlined the lawsuit against the US securities regulator as the most important factor behind another XRP rally.

“The ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has been a significant overhang on XRP’s price. A favorable outcome for Ripple could lead to a surge in XRP’s price as it would remove a major uncertainty.”

Other Factors

DeepSeek also mentioned the overall regulatory environment not only in the US but across the globe. Positive news on that front could “boost investors’ confidence,” especially those who tend to stay away from the uncertainty regarding XRP’s status in the States.

This could also enhance the XRP adoption rates, as well as lead to more strategic partnerships for the company behind it. The AI chatbot further indicated that the overall market conditions, meaning mostly BTC’s price movements, have to remain as bullish as they were in the past few months or even go beyond for XRP to resume its rally.

Lastly, DeepSeek said XRP could benefit a lot from an altcoin season. It’s currently the second-largest alt and, given ETH’s underperformance lately, could be among the leaders in terms of further gains against the dollar and BTC. However, there have been many industry experts who doubted the existence of an altseason under the current market conditions.

In conclusion, the ChatGPT alternative said it’s quite probable that XRP can indeed reach a new all-time high this year, but it needs the alignment of at least a few of the aforementioned factors.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending