XRP News Today: XRP Surges 20% Reclaims Third-Largest Cryptocurrency Spot

XRP, the native token of Ripple, has broken out of its recent consolidation phase, surging by over 20% at one point and reaching close to $3 on most exchanges. This significant price increase has allowed XRP to surpass Tether's USDT in terms of market capitalization, reclaiming its position as the third-largest cryptocurrency. The surge in XRP's price has been driven by a combination of factors, including a general bullish sentiment in the cryptocurrency market and specific developments related to Ripple and XRP.

XRP had been in a tight range between $2.2 and $2.3 for the past month, with its upper boundary at around $2.6 and its lower boundary at $1.9. However, multiple signs indicated that the consolidation phase was coming to an end, and one analyst even warned that most traders would miss the breakout. The price surge started to materialize in the past few days, with XRP becoming one of the top performers on a daily scale. Although it was stopped at around $2.8, it is still up by over 12% since yesterday. Its market cap has spiked above $160 billion for the first time in months, and XRP has now become the third-largest cryptocurrency, overtaking Tether’s USDT.

The move north was quickly picked up by the XRP Army, many of whom praised the asset’s performance and provided some bullish predictions. However, it is important to note that these predictions are based on speculation and should not be taken as actual content. The surge in XRP's price has been driven by a combination of factors, including a general bullish sentiment in the cryptocurrency market and specific developments related to Ripple and XRP. The move north was quickly picked up by the XRP Army, many of whom praised the asset’s performance and provided some bullish predictions. However, it is important to note that these predictions are based on speculation and should not be taken as actual content.

According to the analyst's forecast, the yearly resistance is now free so expect vertical price discovery. However, it is important to note that this is a forecast and should not be taken as actual content. The surge in XRP's price has been driven by a combination of factors, including a general bullish sentiment in the cryptocurrency market and specific developments related to Ripple and XRP. The move north was quickly picked up by the XRP Army, many of whom praised the asset’s performance and provided some bullish predictions. However, it is important to note that these predictions are based on speculation and should not be taken as actual content.