XRP has surged by 21% to become the third-largest cryptocurrency by market cap, reclaiming its position from Tether. With a market value of nearly $153 billion, XRP is now trading at $2.61.
The recent talks between the US and China regarding a deal have boosted market sentiment, leading to XRP’s price rising by 7-12% over the past three days.
The surge in XRP’s value is attributed to a $1 billion increase in Open Interest, driving the ongoing bullish trend in the crypto market.
Data from Glassnode shows that XRP futures open interest has jumped from $2.42 billion to $3.42 billion in just one week. This significant increase indicates growing interest and investment in XRP.
Furthermore, the number of non-empty XRP wallets has reached 6.5 million, the highest in the coin’s 12-year history. The addition of over 638,000 new wallets in early 2025 demonstrates strong interest from both retail and institutional investors.
Analysts predict that XRP will surpass Ethereum in market cap by 2028 due to its utility in cross-border and cross-currency payments. The XRP ETF has seen increased inflows, with speculation that SEC approval could drive further demand.
Despite XRP’s impressive performance, Ethereum has also shown significant growth, nearing the $2,700 mark. It remains to be seen whether XRP can outperform Ethereum and secure its position as the second-largest cryptocurrency in the market.
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