XRP News Today: XRP Surges 28% in a Week, Overtakes Tether as Third-Largest Cryptocurrency

XRP, a prominent cryptocurrency, has experienced a significant surge, climbing to $2.90 with a 28% increase over the past week. This rise follows the Israel-Iran ceasefire and has propelled XRP to nearly 50% growth in just a few days. Notably, XRP has surpassed Tether in market capitalization, securing its position as the third-largest cryptocurrency with a market cap of $175.76 billion. This growth contrasts with Bitcoin’s record peak at $122,600, highlighting a remarkable trend in the cryptocurrency landscape.

Several factors are driving XRP’s current rally. Increased liquidity due to Bitcoin’s highs and heightened investor interest as XRP overtook Tether have been instrumental. The number of XRP wallets with holdings over one million has hit a new record, suggesting an increase in institutional buying and whale activity. Social media buzz and trading volume are also echoing this renewed confidence in the altcoin.

According to cryptocurrency analyst XRPunkie, the existing bullish momentum is strong enough to potentially exceed the previous high of $3.40, entering uncharted territory. With robust trading activity, the Relative Strength Index (RSI) stands positively, while the MACD indicates an upward trend. Should trends continue with Bitcoin and Ethereum reaching new peaks, XRP could approach the $5 benchmark before month’s end.

Ripple’s vision for cross-border payments accentuates XRP’s potential beyond speculative interest. By moving away from SWIFT, Ripple aims to capture 20% of global money transfers, thereby redefining the financial landscape with efficient and economical solutions. This projection underscores Ripple’s growing confidence in XRP as a viable alternative to the decades-old SWIFT network. The company has consistently indicated its goals to replace SWIFT, with XRP becoming a central player in transforming the global payments structure. The vision of XRP processing a significant amount of SWIFT’s volume annually raises major implications for its scalability, long-term utility, and valuation. At such a scale, XRP would not merely be a bridge currency for remittance but a pillar in the future of traditional finance and digital currency markets.

Ripple’s strategy hinges on overtaking SWIFT’s legacy system, which has long been criticized for its slow settlement times and high costs. The XRP Ledger, with its near-instant settlement and low transaction fees, presents a modern alternative capable of streamlining transactions at scale. This expanding use case could elevate XRP, possibly even driving its current price of $2.78 higher to uncharted levels. If Ripple can execute its projections and secure 20% of SWIFT’s volume, it would mark a turning point not just for the company but for the broader crypto industry.

Currently, XRP is trading at $2.44, and it still faces a formidable journey before reaching heights like $10. Yet, some XRP proponents are already warning that selling XRP at $10 will be a once-in-a-lifetime opportunity. With a successful ETF approval and increased whale activity, XRP could target $3.50–$4 by Q4 2025, especially if the broader crypto market remains bullish. XRP is currently trading at $2.57, having recently surged approximately 6% between July 10–11 following its breakout from a long-term falling wedge pattern.

That said, overbought indicators might signal a short-term correction. The overbought RSI and weakening Chaikin Money Flow point towards a potential pullback to between $2.55 and $2.60. Such a dip could offer strategic entry points for mid-term investors. As XRP continues its upward trajectory, key points include: XRP surpassing Tether solidifies its position as the third-largest cryptocurrency, institutional interest and whale activity reach record highs, and a potential correction could create market entry opportunities. While XRP’s progress captivates the crypto market, investors remain keen on observing the continuous developments that could define the future trajectory of this influential digital asset. Anticipation now builds as market enthusiasts watch for new milestones in this evolving ecosystem.