Key Highlights
- XRP price jumps 10%, reaching $2.59 in the past 24 hours.
- Ripple’s market capitalization increases by nearly $100 billion since SEC lawsuit victory.
- XRP becomes the third-largest cryptocurrency, surpassing Tether’s USDT.
XRP’s Bullish Momentum
XRP has experienced a significant price increase, surging 10% to reach $2.59, marking a notable milestone in its recovery. This surge has propelled XRP to become the third-largest cryptocurrency by market capitalization, overtaking Tether’s USDT. The rally is attributed to a combination of factors, including legal clarity from the SEC lawsuit resolution and increased institutional interest.
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XRP Market Snapshot
| Metric | Value |
|---|---|
| Current Price | $2.60 |
| 24-Hour High | $2.62 |
| 24-Hour Low | $2.34 |
| Market Cap | $151 Billion |
| 24-Hour Trading Volume | $7 Billion |
| 7-Day Price Change | +22% |
Data as of May 12, 2025.
Factors Driving XRP’s Surge
- Legal Clarity: The conclusion of the SEC lawsuit has provided much-needed regulatory certainty, boosting investor confidence.
- Institutional Interest: Increased participation from institutional investors has contributed to the upward price movement.
- Market Dynamics: Broader positive trends in the cryptocurrency market have also played a role in XRP’s price appreciation.
Also read: What is Slippage and How to Avoid it in Cryptocurrency Trading?
Future Outlook
Analysts suggest that if the current momentum continues, XRP could test resistance levels around $3.00. The recent legal victory and growing institutional adoption position XRP favorably for potential further gains.
