XRP Surges Past Tether: Is $3 Within Reach? Or Just Another Pipe Dream?

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Ah, the sweet aroma of cryptocurrency excitement wafts through the air. XRP, that rebellious little altcoin, has managed to defy gravity and rocket up by 10% in the last 24 hours. With its newfound $2.6 price tag, it’s pushing its market cap to a hefty $152 billion. Move over, Tether (USDT), you’ve just been relegated to fourth place. Yes, Tether, whose market cap only recently touched $150 billion. But now, XRP has reclaimed the coveted third spot. Welcome to the rollercoaster of crypto rankings.

XRP Market Cap Passes Tether’s USDT

The chaos of US-China trade talks seems to have resurrected XRP, bringing it back to levels not seen since March 6. In a move that has left crypto enthusiasts rubbing their eyes in disbelief, XRP has surged ahead of Tether, who thought it was comfortably sitting at number three. XRP now finds itself only trailing Bitcoin and Ethereum in the market cap game, according to Santiment data. It’s as if the underdog suddenly had a growth spurt and now wants to play with the big boys.

According to CoinMarketCap, XRP’s fresh valuation is proof of growing investor interest and increasing adoption. Meanwhile, Tether, still basking in the glory of being a “stablecoin,” is now restricted by its very nature. Let’s face it: it’s hard to rally when you’ve got the word “stable” in your DNA.

Traders, ever the vigilant bunch, are eyeing the $2.69 mark. This, they claim, is a crucial resistance level, the 0.236 Fibonacci retracement from XRP’s all-time high of $3.84, back in the golden days of January 2018. Break through that, and some believe the price could leap closer to $3. But hey, what’s another few cents when you’ve already come this far, right?

What’s Behind the XRP Price Rally?

What could possibly explain XRP’s sudden popularity? Is it some grand financial strategy, or just another case of crypto FOMO? According to Santiment, one of the catalysts was House Bill 594 in Missouri. This bill, if passed, would allow full income tax deductions on capital gains, including those sweet profits from Bitcoin and XRP. Let’s just say, if you’ve ever dreamed of paying fewer taxes, XRP might be your new best friend.

But wait—there’s more. Santiment reports that XRP holders have increased by 11% since the beginning of 2025. That’s right, retail interest is on the rise. And as if that wasn’t enough, XRP has been added as a payment option on Travala.com, a travel platform accepting multiple cryptocurrencies. So now, you can book a vacation with your crypto gains. 🌴

XRP rising, probably contemplating flipping Ethereum

This real-world application of XRP is a tantalizing hint of future demand. Analysts suggest the rally is happening in an environment of low momentum, meaning this surge is not just a flash in the pan. It’s more like a slow burn—a carefully orchestrated rise to the top.

Ripple Lawsuit to Boost XRP to Flip ETH?

Let’s not forget the ever-present specter of Ripple’s ongoing legal saga with the U.S. Securities and Exchange Commission (SEC). Oh, joy. But here’s a twist: Last Friday, Ripple and the SEC filed a joint motion to settle their ongoing dispute for a cool $50 million. If approved, Ripple would regain $125 million currently in escrow. The settlement could also allow Ripple to continue its journey of becoming a global payment giant. Just think—this could be the turning point that propels XRP past Ethereum. Imagine, a world where XRP becomes the true contender. 😏

Ripple has also been busy growing its presence in the world of institutional finance. Expanding through acquisitions and partnerships, the company is positioning XRP as the next big thing in cross-border payments and stablecoin infrastructure. Ethereum, watch out. You’ve got company.

XRP Price Market Sentiment and Technical Analysis

Now, let’s dive into the technical nitty-gritty. According to CasiTrades, XRP is approaching the $2.69 resistance level, with bulls holding strong against the bears. If XRP breaks above this level and holds it, we could be looking at a clean path toward $3. But if it gets stuck? Well, we might see a temporary pullback. A cliffhanger, if you will.

“Price is now pushing above $2.64 and rapidly approaching the major $2.69 resistance,” CasiTrades reports. A break above this? Well, that could be the catalyst for further gains. But as always, nothing’s guaranteed in this wild world of crypto.

XRP pushing towards $2.69 resistance, it's getting serious now

Dark Defender, a self-proclaimed XRP guru, mentioned that XRP is currently at levels they predicted in previous analyses. “We saw it at $2.45, and now here it is at $2.58, ready for the next jump,” he said. Hindsight is always 20/20, right?

Data from Coinglass shows a 172% surge in trading activity. Derivatives volume has skyrocketed to $18.95 billion, and open interest has climbed by 15.37%. Traders are putting their money where their mouths are, betting on XRP’s next big move.

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2025-05-13 03:39