XRP News Today: XRP Soars 125% to $3.65 as Market Cap Surpasses $207B and Futures Open Interest Hits $10.6B High

Ripple’s XRP token has seen a significant price rally this month, with key metrics reaching record levels that suggest continued upward momentum. The cryptocurrency surged to a peak of $3.6510, representing a 125% increase from its April lows, while its market capitalization surpassed $207 billion. This growth is underpinned by robust network activity, including a 284% increase in futures open interest to an all-time high of $10.6 billion—a stark contrast to its $3.7 billion low in the previous month. The majority of this open interest is concentrated on platforms such as Bitget, Gate, Binance, and Bybit, with trading volumes on major exchanges reaching 5.65 million and 1.85 million contracts, respectively.

Complementary to the price action, Ripple’s stablecoin, Ripple USD (RLUSD), has also gained traction. Launched in December, RLUSD’s market capitalization hit $532 million, nearing the $847 million valuation of PayPal USD (PYUSD). This growth highlights increasing adoption of Ripple’s ecosystem, supported by a 70% surge in the XRP Ledger’s total value locked (TVL) over the past 30 days, now reaching $93 million. The stablecoin supply on the XRP Ledger has also risen to $93.2 million, further demonstrating the network’s expanding utility.

Investor demand for XRP derivatives remains strong, with the Teucrium 2X Long Daily XRP ETF amassing assets under management of $506.6 million. This indicates growing institutional interest, as the product’s record valuation suggests confidence in XRP’s long-term potential. On the technical front, the token has broken through critical resistance levels, including the $3.40 threshold, which marked its January high and the upper boundary of a cup-and-handle pattern. Analysts have identified a potential price target of $5.27 by measuring the pattern’s depth of 55%, though short-term overbought conditions, as indicated by an RSI of 78.69, suggest caution.

While XRP’s 500% surge since July 2024 has attracted both retail and institutional traders, market observers note signs of fatigue. The token’s recent volatility, including a 6% swing within 24 hours, underscores the delicate balance between bullish momentum and bearish pressure. A pullback to $3.46 following a failed push above $3.65 has triggered consolidation, with the MACD line crossing below its signal line—a technical signal often interpreted as weakening bullish sentiment. However, the XRP Ledger’s tokenized real-world assets (RWAs), which have grown from $5 million to $118 million in six months, remain a cornerstone of its fundamental value, indicating broader financial integration.

Looking ahead, analysts have projected XRP’s price could reach $3.63 in 2025, $3.81 in 2026, and $4.63 by 2030. These forecasts align with broader crypto market trends and XRP’s historical trajectory, though they should be viewed as speculative. Institutional adoption and regulatory developments, such as the GENIUS Act, continue to bolster market sentiment. Nonetheless, investors are advised to monitor the $3.65 resistance level and the $3.43 support level, as these thresholds will likely dictate the token’s near-term direction. The interplay between technical indicators and foundational growth metrics positions XRP as a focal point in the evolving cryptocurrency landscape, with its performance potentially signaling broader altcoin market dynamics in 2025.