XRP Has a 44% Chance of Breaking Its $3.40 All-Time High in 2025 and Trade at $4

XRP has a 44% chance of breaking its $3.40 all-time high in 2025 and trade at $4.

The price of crypto is going up, and it is quickly approaching its all-time high.

The world’s second-biggest cryptocurrency, ether, is now trading at $2,141, up 0.3% over the past 24 hours and 25% over the past week. It’s still a long way off its all-time high of $4,173, reached in August 2021.

At current price levels, traders on derivatives exchange Polymarket see a 1% chance of the token rising above $2,300 by Friday.

In a separate prediction market, Polymarket punters give the token, which is linked to payments company Ripple, a 40% chance of trading up on the month overall. They also gave it a 3% chance of reaching an all-time high this month.

The news comes as US President Donald Trump’s tariffs against some of the country’s biggest trading partners rocked global markets this week.

“This has prompted investors to pull back from risk-on assets, with crypto following the broader retreat in equities,” Mena Theodorou, co-founder of crypto exchange Coinstash, said earlier this week.

Riskier assets like tech stocks and cryptocurrencies have felt the brunt of the chaos.

The tech-heavy Nasdaq 100 is down 3.7% over the past 24 hours, and the crypto market shed $180 million in the last 24 hours, a 6% decline in its total value to $2.75 trillion.

The cryptocurrency market has also been hit by news that the SEC is planning to appeal a court ruling that could pave the way for spot bitcoin ETFs to be approved.

The news comes as the SEC prepares to rule on applications for spot bitcoin ETFs from several large companies, including BlackRock and Vanguard.

The agency has already approved bitcoin futures ETFs, which track bitcoin futures contracts rather than the cryptocurrency’s spot price.

Earlier this year, a federal judge ruled that the SEC’s rejection of an application from investment firm ARK Management to launch a spot bitcoin ETF was “arbitrary, capricious, and an abuse of discretion.”

The ruling, which is being appealed by the SEC, could have implications for the approval of other spot crypto ETFs.

In a separate prediction market asking how low punters think the token will go in 2025, Kalshi bettors give an 80% chance that the token will drop below $2 this year.