XRP Price Soars On US Ripple Reserve Asset News: Is It Too Late To Buy Now?

XRP's value appears to be on track to hit a new peak, fueled by a steady stream of favorable developments that are boosting its fundamentals.

On Thursday, XRP climbed to $3.33, following a report from the New York Post suggesting that President-elect Donald Trump is open to the concept of a US-based crypto reserve, which may include assets like XRP and Solana. 

🇺🇸 BREAKING: Trump considers US-based crypto reserve, potentially prioritizing coins like Solana and $XRP. pic.twitter.com/Lwix7XGrHx

— Cointelegraph (@Cointelegraph) January 16, 2025

This follows reports that Trump's SEC might halt all crypto enforcement actions, suggesting they might drop or settle the lawsuit against Ripple, XRP's parent company. 

Is Now the Right Time to Invest in XRP?

XRP stands out as the most robust among large-cap cryptocurrencies. It's no surprise that the XRP/BTC ratio has increased by 33% this past week and 42% over the last month, even as Bitcoin's price sits at $100,000. 

As Donald Trump prepares to be sworn in on January 20th, analysts are speculating whether Ripple or a US crypto reserve might be mentioned in his inaugural address. 

It's uncertain if the US Congress would endorse a crypto reserve that includes volatile altcoins like Solana and XRP. Many experts remain skeptical about a Bitcoin Strategic Reserve, with bets from Polymarket giving it just a 48% likelihood. 

Such support from a new President could make XRP an attractive option for institutional investors.

Additionally, the incoming SEC, led by crypto-friendly Paul Atkins, has already positively impacted Ripple. XRP's price broke through the significant $2.90 resistance level after reports surfaced that the agency might pause all crypto enforcement actions, indicating the Ripple-SEC lawsuit could soon be resolved. 

Basically, $XRP no longer a security! https://t.co/aZDtQdR8hp

— Ali (@ali_charts) January 15, 2025

There's also potential for the new Commission to approve a spot XRP ETF, which JPMorgan analysts predict could increase XRP's market cap by up to $8 billion in its first year alone. 

However, some bullish investors have begun taking profits, implying it might be too late to buy XRP. For example, well-known trader Crypto Tony announced he took profits at $3.1, though he still anticipates the token could rise to $3.84. 

$XRP / $USD - Update

Played out perfect. I have shed some profit here. pic.twitter.com/JuUWqRPLul

— Crypto Tony (@CryptoTony__) January 16, 2025

Another influential analyst, Crypto Prime, mentioned he plans to close his long position at $3.40. 

Investors waiting on the sidelines might find it wise to wait for a price dip before entering long positions in XRP. Nonetheless, it remains an excellent long-term investment, with many forecasting it could reach $10 in 2025. 

Are AI Agent Coins the Top Crypto Buy Right Now?

While XRP's current surge might be nearing a plateau, AI agent coins show no sign of slowing down. 

VIRTUAL, AI16Z, and AIXBT continue to post gains, and Moby, a new AI agent crypto, achieved a $100 million market cap within just three days. 

Another rising AI meme coin — Mind of Pepe (MIND) — raised over $1.5 million on the first day of its ICO, indicating significant growth potential. 

Mind of Pepe is a self-evolving, independent AI agent, equipped with self-managed X and Telegram accounts along with a crypto wallet. 

$MIND holders are set to receive real-time market insights, advanced trading strategies, and technical analysis, thanks to cutting-edge AI technology and community intelligence. They might also gain discounted access to new crypto coins that Mind of Pepe introduces. 

MIND also features its own staking pool, a characteristic absent in many AI meme coins. Early adopters are already enjoying substantial passive income, with an APY currently exceeding 1000%. 

Given the strong demand for new AI meme coins, it's no wonder experts are labeling Mind of Pepe as the next 10x crypto. 

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Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.