XRP News Today: XRP Set to Explode 5X While PlutoChain Gains Whales

In just three months, XRP’s price has surged dramatically, jumping from around $0.50 to over $3.20. Right now, it’s holding steady at this level, and investors can’t stop talking about it.

The recent resignation of Gary Gensler as SEC chairman has only added more fuel to the speculation.

There’s buzz that Ripple and XRP might finally catch a break, with the agency potentially softening its stance. If that happens, some believe XRP’s value could soar 5X from here.

We’ll also take a closer look at the market is paying attention to PlutoChain ($PLUTO), a promising Layer-2 solution that could tackle Bitcoin’s well-known challenges like scalability and limited use cases.

Let’s dive into the details.

Gary Gensler’s Resignation Could Push XRP Higher 

XRP is currently trading at $3.14, with a market cap sitting around $180 billion. Over the past 24 hours, trading volume has reached an impressive $8.9 billion, reflecting strong market activity.

The circulating supply remains steady at approximately 57.56 billion tokens, with a fully diluted valuation hovering near $316 billion.

The token recently climbed to a new all-time high of $3.36 on January 16, 2025—just 7% above its current price. Key support levels are holding firm around $3.00, while resistance lies at $3.15 and $3.20.

As for the technicals, the Relative Strength Index (RSI) is at a neutral 50, leaving plenty of room for potential upward movement.

While the SEC’s ongoing legal battle with Ripple continues to cast some uncertainty over XRP’s future, optimism in the market hasn’t wavered.

The SEC’s recent appeal of the court ruling in Ripple’s favor has stirred up debate, but many see the case’s resolution as a potential turning point for XRP.

A settlement or final decision in Ripple’s favor could spark a major rally, with some investors eyeing a 5X increase in value as a real possibility.

Ripple’s global expansion is also giving XRP solid momentum. The company has been doubling down on its On-Demand Liquidity (ODL) product, which is gaining traction in high-growth regions like Asia and the Middle East.

On top of that, Ripple is working closely with central banks on Central Bank Digital Currencies (CBDCs), further integrating XRP into the future of digital finance.

Adding to the excitement, Ripple recently launched a US dollar-pegged stablecoin, RLUSD, and is reportedly preparing for an IPO.

These moves underline Ripple’s drive for innovation and could bring even more users to the XRP Ledger.

Crypto analysts are offering bold predictions for XRP’s future.

Ali, a well-known analyst, has an optimistic outlook. Following XRP’s breakout from a multi-year symmetrical triangle, he forecasts a conservative price target of $8.40 and an ambitious high of $48.12.

On the other hand, STEPH IS CRYPTO takes a more cautious stance, predicting that XRP is on the verge of a major breakout with targets ranging from $5 to $14.

PlutoChain ($PLUTO) Gains Traction Among Whales As It Could Solve Bitcoin’s Biggest Issues – Slow Transactions and Limited Utility

Bitcoin has always struggled with some major pain points—slow transaction speeds, high fees, and network congestion. These challenges have kept it from competing effectively with newer, faster blockchain networks.

PlutoChain ($PLUTO) might offer a solution with its Layer-2 network that works alongside Bitcoin – something that is attracting the attention of whale buyers.

This technology could make BTC transactions faster, cheaper, and more scalable for modern applications.

While Bitcoin’s block times are stuck at a sluggish 10 minutes, PlutoChain takes things up a notch, processing blocks in just 2 seconds. This could transform Bitcoin into a more practical option for advanced use cases like smart contracts, DeFi platforms, and other blockchain tools.

Another exciting feature is PlutoChain’s Ethereum Virtual Machine (EVM) compatibility.

This could open the door for Ethereum-based projects to migrate to Bitcoin’s ecosystem, potentially unlocking an entirely new range of possibilities for developers and users alike.

In testing, PlutoChain has already proven its capabilities, handling up to 43,200 transactions daily without any signs of congestion. This level of performance shows that the network is ready to scale up and support broader adoption.

Security isn’t being overlooked, either. PlutoChain has passed audits from well-known firms like SolidProof, QuillAudits, and Assure DeFi. Regular audits and stress testing ensure the network remains reliable and secure, giving users peace of mind.

The project’s decentralized governance model adds another layer of transparency and inclusion. Users get to vote on key decisions, such as partnerships and system upgrades, ensuring the community has a real say in its future direction.

PlutoChain could be exactly what Bitcoin needs to overcome its long-standing challenges. By addressing its speed and scalability issues while introducing new functionality, PlutoChain has the potential to elevate Bitcoin to a whole new level.

Wrapping Up

Despite some uncertainty surrounding XRP due to the ongoing SEC legal battle, the future remains promising.

While a 5X rally might seem bold, it’s not off the table as momentum continues to build.

At the same time, PlutoChain’s innovative Layer-2 technology, focus on scalability, and ability to integrate Ethereum-based projects into Bitcoin’s ecosystem are just some of the reasons why whales seem to be interested in it.

Remember, this article is not financial or trading advice. All cryptocurrencies are volatile, and past performance is not a guarantee of future results. Always conduct your own research and/or consult with experts before making any crypto-related decisions. Trade responsibly. Forward-looking statements are uncertain and might not be updated.

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