So, here we are, another Friday, and the cryptocurrency market is having a bit of a field day. XRP, the token that’s always been a bit of a wild card, has hit an eight-week high of $2.60, last seen on May 14, 2025. Bitcoin, the golden child of the crypto world, is also making headlines, breaking its own record for the second day in a row. It’s like a never-ending game of “Who Can Reach the Moon First?”
But let’s talk about XRP, shall we? This little token has managed to push its market cap above $150 billion, landing at a cool $153.89 billion. The last time it hit $152 billion was back in May 2025, when it briefly became the third-largest cryptocurrency. It’s like XRP is having a mid-life crisis and suddenly decided to get a new haircut and a sports car.
The XRP price has jumped over 7% in the last 24 hours, which is a pretty solid comeback for a token that’s been through the wringer. It’s like it’s been on a strict diet and suddenly decided to binge on pizza and ice cream, and now it’s feeling pretty good about itself.
Market sentiment toward XRP has improved thanks to the recent developments with the RLUSD stablecoin, for which Ripple announced BNY Mellon as its primary custodian. The stablecoin also passed the $500 million mark in market cap, which is a big deal for the XRPL ecosystem. It’s like the XRPL community just got a gold star on their homework.
This newfound optimism, combined with increased whale activity, has led to renewed institutional participation. On-chain data shows a surge in wallets holding more than one million XRP, indicating that the big players are back in the game. Whale wallets with more than one million XRP now hold 47.32 billion XRP, which is a lot of XRP. It’s like they’re all at a big XRP party, and they’re not letting anyone leave until the last drop of punch is gone.
XRP price
At press time, XRP was up 6.98% to $2.6 and 17% weekly. The cryptocurrency has been on a winning streak for the fourth day in a row since July 7. The surge has surpassed the daily SMA 50 and 200 at $2.227 and $2.365, respectively, which had been holding it back since May. It’s like XRP finally decided to break free from its chains and run wild in the fields of profitability.
Analysts are pointing to a macro breakout from XRP’s multi-week descending wedge, a pattern that has traditionally led to large swings. Fresh support emerged at $2.53, and consolidation over $2.54 confirmed that the trend is here to stay. It’s like XRP is saying, “I’ve got this, and I’m not looking back.”
Eyes are now on the $3 mark, and if the bullish momentum continues, there’s a chance it could hit $4. It’s like XRP is on a mission to prove that it’s not just a flash in the pan, but a serious player in the crypto world. 🚀
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2025-07-11 13:55