- XRP surged 10.49%, reaching a $163.8 billion market cap and overtaking brands like Disney and Nike.
- Whales have accumulated $3.8 billion in XRP since November, fueling the price rally.
- Speculation around Trump’s presidency and a potential XRP ETF is driving investor optimism.
XRP, Ripple’s flagship cryptocurrency, made headlines today with a stunning 10.49% price surge, pushing its market cap to $163.8 billion—a new all-time high. This surge catapulted XRP ahead of household names like Disney and Nike, as well as financial giants like BlackRock and Vanguard.
Climbing the Crypto Ladder: XRP’s New Rank
With this surge, XRP now sits as the third-largest cryptocurrency by market capitalization, trailing only Bitcoin and Ethereum. The rapid ascent has sparked fresh speculation: Could XRP challenge Ethereum’s position for the number two spot? While it’s a long shot, the momentum driving XRP has many traders asking “what’s next?”
What’s Fueling XRP’s Bull Run?
So, why the sudden spike? XRP’s growth isn’t just about luck—it’s got some real drivers behind it.
- Whale Accumulation: Big-time investors have been stacking XRP like there’s no tomorrow. Analytics firm Santiment reports that wallets holding 1M-10M XRP have increased their holdings by 37% over the last two months, adding about $3.8 billion worth of XRP since November 2024.
- Political Optimism: The upcoming inauguration of Donald Trump on January 20, 2025, has many in the XRP community buzzing. Investors are speculating that Trump’s presidency could bring favorable outcomes for Ripple amid regulatory shifts.
- ETF Speculation: Rumors about a potential XRP ETF have only added fuel to the fire. If this were to happen, it could trigger massive institutional interest, further boosting adoption and demand.
XRP’s Market Stats: The Numbers Behind the Momentum
XRP is currently trading at $2.85, marking a 22% gain over the last 7 days. Daily trading volume has surged 74.51%, hitting $15.15 billion in the last 24 hours. With a total supply of 99.98 billion XRP, its market cap now stands at $163.71 billion.
Analyst Opinions: Is XRP the Strongest Crypto Right Now?
Crypto analysts have been bullish about XRP’s current run.
- XRP Whale, a popular analyst, boldly claimed, “$XRP is the strongest cryptocurrency in the world from a technical analysis standpoint right now!” He also noted that bulls are firmly in control, keeping the coin’s momentum alive.
- BitBelleza, another crypto analyst, highlighted XRP’s ability to break “higher highs with strong momentum.” His short-term price prediction for XRP? $4 to $5, with a long-term forecast of $27 by 2025.
The Bigger Picture: Why XRP Stands Out
Unlike Bitcoin, XRP boasts faster transaction speeds and lower fees, making it a favorite for both investors and institutions. Its utility in cross-border payments sets it apart, with Ripple’s network providing real-world value that few other cryptocurrencies can match.
With whales continuing to buy in, optimism around political changes, and speculation about an ETF, XRP might just be gearing up for an even bigger breakout. Could it hit $4 soon—or even higher? Only time will tell, but one thing’s clear: XRP is stealing the show right now.
