The recent rise of XRP is nothing short of remarkable. In just one week, the coin saw a 17% increase in value, bringing its total market cap to almost $150 billion. With this, XRP came very close to Tether (USDT) in the battle to become the third largest cryptocurrency. Despite a brief correction that put the coin just below Tether again, the momentum remains impressive.
The recent price improvement saw XRP briefly surpass Tether. However, this spike was short-lived as a market correction dropped XRP back to fourth place. However, attention remains focused on the resistance level at $2,69. This level, derived from the 0,236 Fibonacci level of the all-time high of $3,84 in January 2018, is seen as a key indicator of further growth. A break here could pave the way for a rise towards $3.
Several factors have contributed to XRP’s recent price increase. For example, a bill in Missouri, US, that aims to make profits from cryptocurrency like XRP tax-free has had a positive impact. Also, the number of XRP holders has increased by 11% since the beginning of 2025, indicating growing interest among investors. Furthermore, XRP is increasingly being adopted as a means of payment, for example on travel booking website Travala.com. These practical applications are increasing demand and could ensure stable long-term growth.
Despite the ongoing lawsuit with the American SEC Ripple, the company behind XRP, remains ambitious in its expansion plans. With a proposed $50 million settlement, Ripple may soon be able to regain access to its frozen assets. This would not only provide greater financial stability but also boost investor confidence as uncertainty surrounding XRP’s legal status would decrease.
With resistance levels seemingly within reach, XRP could be poised for further gains. Market volatility will remain a factor, of course, but the support of both legislative action and increasing real-world adoption provide solid foundations for optimism. If XRP continues this positive trend, the magic $3 barrier could be in sight sooner than we think. And who knows, maybe next time I won’t have to book a flight with dollars, but with XRP!
What was the peak price of XRP in this recent surge?
The peak price reached nearly $2,61, the highest value since March 6.
How much growth has the number of XRP holders shown since the beginning of 2025?
There was an 11% increase in the number of XRP holders, indicating growing interest from retail investors.
What level does XRP need to break to achieve further gains?
XRP must break the $2,69 resistance level, which could lead to a potential rise towards $3.