XRP News Today: XRP Surges 20% to $2.97, Reclaims Third-Largest Crypto Spot

XRP has recently experienced a significant price surge, capturing the attention of top crypto analysts who are forecasting a potential rally toward $7. This bullish momentum is supported by strong market fundamentals and technical indicators, with XRP reclaiming its position as the third-largest cryptocurrency by market capitalization. The token's valuation has reached approximately $166 billion, surpassing Tether and signaling growing investor confidence and increased network activity.

Leading crypto analyst DonAlt attributes this momentum to a confluence of technical indicators that mirror XRP’s previous rally in Q4 2024. His analysis suggests that XRP is poised for a steep upward trajectory, potentially targeting the $7 mark. This sentiment is echoed by trader Jonny Moe, who describes the current setup as “insane,” highlighting the strength of the bullish pattern. The recent price action demonstrates a decisive technical breakout, with XRP reaching $2.97 on Binance—its highest level since early March 2025—before stabilizing near $2.81.

Supporting the price surge, on-chain analytics from Santiment reveal a significant uptick in network growth and retail investor activity across social media platforms. These metrics indicate heightened engagement and accumulation, which often precede sustained price advances. Additionally, market veteran Peter Brandt has hinted at an “up only” phase for XRP, signaling a potential prolonged bullish cycle, though he refrains from specifying exact price targets due to market unpredictability.

With XRP reclaiming market share and exhibiting strong technical and fundamental signals, the token is positioned to challenge its 2025 peak of $3.39. Should the bullish momentum persist, XRP could approach new all-time highs, attracting further institutional and retail interest. This scenario aligns with broader altcoin market trends, where increased adoption and network utility drive valuation growth.

While optimism is prevalent, seasoned analysts advise caution, emphasizing the importance of monitoring macroeconomic factors and regulatory developments that could influence XRP’s trajectory. The ongoing Ripple-SEC legal proceedings remain a critical variable, with resolution potentially impacting market sentiment and price stability.

In conclusion, XRP’s recent rally, underpinned by strong technical signals and increased network activity, positions it for potential significant gains in the near term. Investors should remain attentive to evolving market dynamics and regulatory updates, as these will shape XRP’s path forward. The convergence of bullish indicators suggests that XRP could be entering a pivotal phase, making it a key asset to watch in the crypto space.