- XRP Gains Despite Market Correction: XRP surged 4% today, extending its weekly rally to 17% despite broader market dips, with daily trading volume spiking 182% to over $11 billion.
- Adoption and Legislative Support Fuel Momentum: Key drivers include a proposed tax break in Missouri for XRP gains, rising adoption with Travala.com accepting XRP payments, and an 11% increase in XRP holders in 2025.
- Analyst Targets $3 and Beyond: Crypto analyst Dark Defender sets bullish targets for XRP at $3.33 and $5.85, with long-term potential aiming as high as $36, contingent on support holding above $2.36 and $2.22.
While the broader crypto market stumbled, XRP kept pushing higher, climbing 4% today despite the market correction. This move extends the Ripple altcoin’s weekly gains to a hefty 17%, driven by a surge in daily trading volumes — up 182% to more than $11 billion. Clearly, trader interest is ramping up.
XRP Takes Third Spot as Market Cap Soars
After a strong Monday rally, XRP overtook Tether to become the third-largest cryptocurrency, with its market cap blasting past $150 billion. Even with today’s pullback, XRP is still holding its ground, trading at $2.47 on the 24-hour chart.
According to Coinglass, XRP futures open interest is up 14.42% to $5.29 billion, and options volume has jumped 76%, signaling growing optimism for a continued rally. Blockchain analytics firm Santiment also dropped a bombshell: Ripple’s network just hit 6.5 million users — a first in its 12-year history.
What’s Fueling XRP’s Surge?
Santiment highlighted three key factors behind XRP’s upward momentum:
- Legislative Boost: House Bill 594 in Missouri proposes a full income tax deduction on capital gains from Bitcoin and XRP — a potential game changer.
- Adoption Spike: XRP’s number of holders surged by 11% in 2025, signaling growing investor confidence.
- Mainstream Utility: XRP is now accepted as a payment method on Travala.com, bringing it closer to everyday use cases.
Additionally, the easing of US-China trade tensions has provided a broader tailwind, lifting Bitcoin and altcoins across the board.
Analyst Outlook — $3 and Beyond?
Crypto analyst Dark Defender remains bullish on XRP, projecting significant gains over the next few months. According to his technical analysis, XRP is entering the “3rd Wave,” setting ambitious targets:
- Key Targets: $3.33 and $5.85, with a long-term outlook potentially eyeing $36.
- Support Levels: Crucial zones to watch include $2.3620 and $2.2222 — key benchmarks for traders looking to ride the wave.
If momentum holds and adoption continues to rise, XRP could be setting up for a breakout — but a lot depends on whether these support levels hold firm in the days ahead.
