XRP News Today: XRP Surges 77% in 24 Days, Becomes Third-Largest Cryptocurrency

Ripple’s XRP has gained significant institutional support, with major financial giants such as BlackRock, Vanguard, and Fidelity showing interest. This backing comes after Ripple secured a crucial legal victory against the SEC in 2024, which paved the way for wider institutional adoption of XRP. The approval of an XRP ETF in April 2025 further solidified XRP's position as a serious financial tool, moving beyond its speculative coin status. Following the ETF approval, there was a notable spike in XRP's price, and it has since outperformed many Layer-1 altcoins, according to statistics posted by FinTech Weekly in May 2025.

Ripple CEO Brad Garlinghouse has made a bold prediction that $10 trillion in capital could flow into XRP by 2030. This forecast suggests that the price of XRP could reach a peak of $178 per coin. Garlinghouse's prediction is based on the strategic role of XRP in cross-border payments and its integration with central bank digital currencies (CBDCs), which could drive significant growth. Ripple's custody services, known for their high levels of security, are expected to enable the widespread use of digital assets. While some analysts, such as those from CoinCodex, predict a decrease in XRP's cost in the future, the recent developments and institutional interest could change this outlook.

XRP's recent price rally has been substantial, with the token reaching $3.64 after gaining approximately 77% in just 24 days. This surge has propelled XRP ahead of Tether’s USDT, making it the third-largest cryptocurrency by market capitalization. At the time of writing, XRP’s market value exceeded $200 billion, surpassing the $160 billion held by the leading stablecoin. The number of XRP whales has reached a new record high, with the count of wallets holding at least 1 million XRP climbing alongside a 41% increase in the token’s value over the past week. XRP whales currently hold a total of 47.32 billion XRP tokens.

The broader cryptocurrency market has also seen significant inflows of capital, with Bitcoin climbing past $120,000 and Ethereum exceeding $3,600. This wave of liquidity has extended to XRP, contributing to its sharp upward trajectory. The token’s proximity to its all-time high of $3.84, now just 5% away, is attracting increased attention from both short-term traders and long-term investors. Price predictions for XRP have shifted notably in light of these developments. With the token outperforming earlier expectations, some analysts now suggest that a $5 target could be achieved before the end of July. The previous long-term forecasts for the end of 2025 are also being revised. While $10 was once considered an ambitious projection, it is now viewed by some as a conservative estimate. Updated scenarios place $15 as a plausible target and $20 as an aggressive but not implausible upper bound. These revised outlooks are supported by several fundamental factors, including the potential approval of an XRP exchange-traded fund (ETF), the resolution of legal uncertainties surrounding Ripple, and increasing interest from institutions looking to adopt the underlying technology.

Despite the rapid price increase, market observers caution that short-term corrections remain likely, especially if the asset reaches psychological resistance levels such as its previous all-time high. However, for those with a long-term perspective, any pullbacks could present renewed accumulation opportunities, particularly if market-wide momentum continues through 2025. The ongoing Ripple vs. SEC lawsuit, which has long shaped XRP’s regulatory outlook, is approaching its conclusion, adding further intrigue to XRP’s price potential. The SEC has delayed decisions on multiple XRP ETF proposals, with a third review deadline set for August 2025 and a final verdict expected by October. Despite the delays, SEC Commissioner Caroline Crenshaw clarified that they are procedural and not indicative of rejection. Significant updates to U.S. crypto policy are underway, according to SEC Commissioner Hester Peirce. The agency operates under a strict regulatory framework that demands thorough evaluation over swift approval, especially for crypto-based exchange-traded products such as those linked to XRP.