XRP News Today: XRP Surges 10% to Overtake USDT as Third-Largest Cryptocurrency

XRP has recently surpassed USDT to become the third-largest cryptocurrency by market capitalization, indicating a significant shift in investor confidence and market dynamics. This move highlights the growing momentum and renewed interest in XRP, which has traditionally been overshadowed by USDT's stablecoin status. The surge in XRP's market capitalization is driven by several key factors, including increasing adoption, positive regulatory developments, and strong network fundamentals.

One of the primary drivers behind XRP's price rally is the improved regulatory clarity surrounding the cryptocurrency. The prolonged SEC lawsuit had created uncertainty, making many investors cautious. However, recent court rulings have started to favor Ripple, providing a clearer legal framework around XRP's classification. This shift has alleviated fears of XRP being labeled as an unregistered security, encouraging institutional investors and traders to increase their exposure. Regulatory progress often acts as a catalyst for price action, and the easing of legal pressure has restored confidence in XRP's long-term viability within the crypto ecosystem.

In addition to regulatory developments, Ripple's continued focus on real-world adoption plays a crucial role in XRP's growth. The company's blockchain solutions facilitate faster and cheaper cross-border payments, attracting banks and financial institutions worldwide. These partnerships not only drive demand for XRP as a bridge currency but also demonstrate practical utility beyond speculative trading. By expanding its global payment network and securing agreements with key players, Ripple strengthens XRP's market position and prospects. This tangible adoption creates a fundamental value proposition, supporting sustained price appreciation driven by increased transactional volume and network activity.

The idea of XRP reaching $10 has been a topic of discussion for years, but it seemed distant given its historical price range. However, surpassing USDT signals a strong bullish momentum, supported by supply and demand factors, technical breakouts, and positive market sentiment. XRP's total supply and circulating supply dynamics can amplify price moves when demand spikes. Recent price action shows XRP breaking key resistance levels, indicating a potential bullish trend. Positive news, combined with broader crypto market recovery phases, can fuel rapid price appreciation. Still, reaching $10 will require sustained buying pressure, wider adoption, and possibly further positive regulatory clarity. While the run to $10 might not be immediate, this milestone is now more plausible than ever.

The long-term price action of XRP suggests that the latest price action has not only helped the price rise above consolidation but also laid the foundation for a strong upswing. The weekly MACD is about to undergo a bullish crossover, while the price has broken above the bull flag. Therefore, the next price action is expected to mirror the 2024 breakout, which may push XRP towards the ascending trend line at $9.23, which could be the peak of the upcoming bull run. Meanwhile, there are a few points to look at in the coming days that may heavily influence the XRP price rally, such as regulatory updates, Ripple’s business developments, market sentiment, and technicals.