XRP News Today: XRP Surges in Popularity, Outperforms Bitcoin by Triple Digits

XRP has recently surged in popularity, becoming the most searched cryptocurrency on both Google and YouTube, surpassing even Bitcoin and Ethereum. This heightened interest suggests a growing public curiosity about the future of XRP, which could indicate a significant shift in momentum for the cryptocurrency.

Crypto analyst Kyle Chassé predicts a major breakout for XRP, noting that it has already outperformed Bitcoin by triple digits without the support of a US ETF, treasury adoption, or DeFi yield. This performance highlights XRP's potential for further growth.

A recent report from a major traditional finance institution confirms XRP's active price movements, which are comparable to those of Ethereum and Solana. Notably, XRP's price movements do not consistently align with Bitcoin or the stock market, making it an attractive option for investors seeking portfolio diversification. The report also addresses concerns about XRP's token supply, stating that Ripple's plan to release tokens gradually over the next decade provides confidence that the market won't be flooded with new tokens, thereby stabilizing XRP's price.

Despite the optimism surrounding XRP, analysts remain cautious about its potential to reach $10 this year. According to one analyst, a more realistic price target for XRP by the end of this year is $4.50 to $5, assuming Bitcoin reaches $140K. While a $10 price point is not impossible, it is considered more likely to occur later in the cycle. The analyst also warns against unrealistic expectations of a $20 price tag for XRP, citing the increased competition from other altcoins and the changed market structure since the 2017 bull run. Reaching $20 would require XRP to reclaim a 23% market dominance, which is deemed nearly impossible in the current market landscape.