XRP News Today: XRP Surges 25% Weekly, Outpaces Bitcoin and Ethereum

XRP has recently shown significant potential in the current market cycle, outperforming both Bitcoin and Ethereum. This performance has sparked discussions about whether XRP could challenge Bitcoin's dominance. XRP's price surged to $3 during Monday's trading, driven by a substantial volume of $11.8 billion. This surge has bolstered the near-term price outlook for XRP, with a 25% weekly gain that suggests this could be just the beginning of its upward trajectory.

XRP's momentum has been particularly notable as it continues to outpace Bitcoin and Ethereum in daily returns. Bitcoin and Ethereum, on the other hand, have seen more modest gains of 10.5% and 19% respectively over the same period. This widening lead has been attributed to strong international interest, with South Korean exchange Upbit accounting for over 70% of the total volume. This indicates a robust global appetite for XRP, despite some traders missing out on Bitcoin's early growth and turning to altcoins like XRP.

Analyst Dom highlighted that a net spot market buy pressure of 45 million XRP was behind the price move from $2.60 to $3.00. This inflow has been largely driven by international interest, with South Korean exchange Upbit playing a significant role. In contrast, market leader Binance registered negative flows, while other exchanges like Coinbase, Kraken, and Bitstamp played smaller roles in fueling the rally.

XRP's recent performance has been driven by South Korean influence, propelling it beyond a falling wedge that had capped its price since late February. This breakout could redefine XRP's trajectory, with a technical target at the 2.618 Fibonacci extension near $4.365—a further 46% upside. However, a rejection at $3 in line with past peaks could see a healthy correction unfold, with a potential floor at the 1 Fibonacci level at $2.66 as volatility cools.

Momentum signals suggest that this rally may still have room to run. The weekly RSI remains below the overbought threshold at 65, indicating that buyers have yet to reach exhaustion. Additionally, the MACD line has surpassed the signal line in a golden cross after over four months of bearish dominance. On the weekly timeframe, this is often an early indication of a potential long-term trend reversal.

While overtaking Bitcoin is a bold target, wider market-warming narratives continue to add merit to XRP as a legitimate contender in this cycle. This week, the U.S. House is expected to vote on major crypto legislation, including the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act. XRP stands to benefit more than most, with its longstanding SEC lawsuit nearing resolution and a spot ETF in the cards. Retail interest may soon extend to global institutional investors, potentially forming a new floor backed by serious capital inflows and supporting its long-term growth.

Despite its recent gains, XRP has been in the background for months as traders chased fresher narratives. On the speculative scene, attention is the fuel that drives price moves. Few stand to capitalize on this momentum as much as “mission coins,” the purest form of meme coin, fueled purely by a devoted community. Token6900 ($T6900) is the latest chapter in that saga, offering nothing but a fantasy where money is no longer in control of big institutions. The community is already growing fast, raising nearly $500,000 in the first weeks of presale as its earliest disciples are rewarded by a high APY on staking, currently at 115%.