XRP Price Soars By 10% As Ripple Adds $100B In Market Cap

By: cryptosheadlines|2025/05/12 16:15:06

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com XRP price leaves it late to begin its own rally, gaining a staggering 10% increase over the last 24 hours. However, the 24-hour chart fails to paint a clear picture of XRP’s steady rise, with an over 4% rise within the last three hours. The news of Ripple gaining nearly $120B in market capitalization in under 7 months has also boosted investor confidence.XRP Price Rises By 10% In A Strong Bullish FashionAccording to CoinMarketCap data, XRP price has spiked to $2.59 over a 24-hour period, garnering a 10% increase. The surge in valuation sees XRP become the third-largest cryptocurrency by market capitalization, flipping Tether’s USDT.At the moment, XRP has a market capitalization of $151 billion, driven by a week-long rally to gain 22% on the seven-day chart. Just seven months ago, in the first week of November, the struggling token carried a market cap of less than $30 billion.Today, daily XRP transaction volumes sit at $7 billion, a 66% increase over the last day, but a closer look reveals a long-term bullish performance.Data from Finbold reveals that since Ripple clinched its first victory against the SEC in July 2023, XRP has added nearly $100B to its market cap. XRP’s market capitalization soared by over 235% from lows of $42 billion in mid-2023 to reach a new peak of just over $151 billion in May 2025.Ripple and the SEC have filed a settlement agreement letter to tie up the loose ends in the five-year lawsuit. While the filing did not immediately trigger a rally, the combination of new institutional investors and broader macroeconomic factors has fired up the XRP price today.Ripple Whales And Macroeconomic Factors Trigger RallyAlongside the legal and regulatory clarity stemming from the Ripple SEC case, other factors are powering the XRP price surge. Prior to the rally, Ripple whales moved $175M XRP, stoking enthusiasm for a short-term rally.Furthermore, Ripple has bagged a $50M health care deal with pharmaceutical company Wellgistics Health in a strong show of institutional interest for XRP. Crypto finance firm Amber International has also launched a $100M ecosystem reserve to focus on XRP and a basket of digital assets.Amid the wave of institutional interest in XRP, technical indicators suggest that XRP can break out of a multi-year range. Crypto expert Dark Defender reiterated his bullish stance on XRP price, as he predicted a rally to $36. Analysts also predict that the XRP price can reach $3 before the end of the week after flashing a head and shoulders pattern.Zooming out, macroeconomic factors are also serving as a tailwind to the XRP price surge. The easing of US-China tariff tensions has sent cryptocurrency prices on a rally, with XRP finally latching onto the bullish trend.✓ Share: Aliyu Pokima Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.Source link

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