XRP Price Momentum: Up 27% in 7 Days, Now Ranks Above Tether by Market Cap
XRP is back in the spotlight after a dramatic 27% surge in just one week. The XRP price didn’t just move up, it jumped in market cap too, pushing past Tether (USDT), the world’s largest stablecoin. This sudden rise has caught the attention of traders, investors, and crypto fans alike.
What Is XRP?
XRP is the digital currency created by Ripple Labs. It is designed for fast and low-cost cross-border payments. Unlike Bitcoin, which focuses on decentralization, XRP was made to work with banks and financial institutions. It processes transactions in seconds and at a fraction of the cost of traditional banking systems.
Ripple uses XRP to move money across borders quickly. It’s been around since 2012 and has had its fair share of highs, lows, and legal battles.
The 7-Day Price Surge
According to Bitcoin, XRP price saw a 27% increase in value over seven days, shooting up from around $0.47 to over $0.59. This boost sent its market cap soaring to $32.9 billion, pushing it above Tether and placing it among the top cryptocurrencies globally.
This is one of the strongest performances XRP has seen in months.
Breaking Down the 27% Jump
The XRP price surge didn’t come out of nowhere. Several forces worked together to fuel this rally.
First, XRP trading volume exploded, jumping over 70% in just 24 hours. Millions of XRP tokens changed hands as bullish sentiment took over the market. Exchanges like Binance and Coinbase reported higher activity around XRP pairs.
XRP’s Position in the Market
XRP’s new ranking in the crypto market is big news. Tether has long been a stable presence in the top three, but its market cap hasn’t changed much. The XRP price jump pushed its total market value higher than Tether’s, signaling stronger investor confidence in XRP’s potential for growth rather than stability.
Why XRP Surged This Week
Several key factors played a role in pushing the XRP price higher.
Legal Clarity from the SEC Case
Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) has been a cloud over XRP for years. But there’s been progress. In recent months, the court ruled that XRP sold on exchanges is not a security. This legal clarity helped restore investor trust and opened the door for major trading platforms to relist XRP.
Whale Activity and Exchange Volume
Blockchain data shows that XRP whales, large holders of the token, have been active. Many large wallets accumulated XRP during dips, betting on a future rally. At the same time, crypto exchanges saw a surge in XRP buying volume, a strong indicator of market momentum.
Bullish Sentiment Across the Crypto Market
It’s not just XRP. Bitcoin and Ethereum also posted gains this week. When big coins move, smaller ones like XRP often follow. The crypto market overall is showing signs of recovery, and XRP’s strong fundamentals made it a favorite in this bullish wave.
Ripple’s Global Expansion
While XRP’s price gets all the attention, Ripple is doing big things behind the scenes. The company continues to form partnerships with banks and financial platforms across the globe.
Ripple’s Progress in Asia and the Middle East
Ripple is gaining traction in countries like Japan, Singapore, and the UAE. These regions are more open to blockchain innovation and have shown interest in using XRP for real-world financial systems. This kind of adoption supports the idea that XRP has value beyond just trading.
What This Means for Investors
For investors, the rising XRP price brings both excitement and caution.
Short-Term Gains vs Long-Term Risk
Yes, the gains are real. But crypto is still a volatile space. Prices can swing wildly, and what’s up today could be down tomorrow. If you’re thinking of buying in, make sure you understand the risks. Don’t invest money you can’t afford to lose.
XRP vs Stablecoins
XRP passing Tether in market cap matters. Stablecoins are meant to be steady; they don’t grow much. The XRP price growing past Tether signals that investors are putting money into growth assets again, not just playing it safe. That’s a big deal in a market where confidence is key.
Community Buzz and Social Media Reactions
Crypto Twitter has been buzzing. Influencers and analysts alike are praising XRP’s comeback. Many believe the coin is undervalued and could rise more if Ripple wins its legal case completely.
On Reddit and Telegram, XRP communities are hopeful but also cautious. Many say they’re waiting for XRP to break the $0.70 resistance before calling it a full breakout.
What’s Next for XRP Price?
Short term, traders are watching the $0.60-$0.70 zone. If the XRP price can hold above $0.60, we might see more buyers jump in. If not, it could pull back to the $0.50 support line.
Longer term, much depends on broader market conditions and how Ripple handles regulatory challenges.
Final Thoughts
The XRP price is showing signs of life after a long, quiet period. A 27% weekly gain and a move past Tether in market cap are no small feats. Legal clarity, strong partnerships, and bullish market trends have all contributed to this surge. But like with all things crypto, staying informed is key.
Is XRP back for good? Maybe. But one thing is clear: it’s not going away anytime soon.
FAQs
XRP has made progress, but it’s still a volatile asset. It’s safer than it was during peak legal uncertainty, but always do your research.
That’s unlikely in the short term. Ethereum has a much larger network and use case. But XRP has shown it can surprise the market.
Disclaimer:
This content is made for learning only. It is not meant to give financial advice. Always check the facts yourself. Financial decisions need detailed research