- XRP nears Tether’s $148B market cap via 9% weekly price gains, contrasting USDT’s growth through new token issuance.
- Technical charts show XRP above key moving averages; $2.50-$3.00 target could secure third-largest crypto rank.
XRP is closing in on Tether’s position as the third-largest cryptocurrency by market value, driven by price gains rather than new token creation. The asset’s market cap now stands at $133 billion, trailing Tether’s $148 billion.
Unlike Tether, which maintains a fixed value tied to the U.S. dollar and grows through token issuance, XRP’s rise reflects a 9% weekly price increase to $2.28—a contrast that underscores differing growth mechanisms in crypto markets.
Technical charts show XRP trading above three key moving averages (50-day, 100-day, and 200-day) for the first time since early 2024. This follows a breakout from a months-long downward price pattern, with the 100-day average now acting as a support level near $2.22. ETHNews analysts note that holding above this threshold could push XRP toward $2.50–$3.00, a range that would likely secure its position above Tether.
Market activity reveals stronger demand for XRP compared to Tether. XRP’s daily trading volume exceeds $3 billion, with buy orders accounting for 58% of recent transactions. Tether, by contrast, sees 88% of its trades leaning toward selling.
This divergence highlights how XRP’s growth stems from investor interest in its utility for cross-border payments, rather than the regulatory scrutiny that previously overshadowed it.
As Bitcoin trades near $95,000 and Ethereum near $1,835, XRP’s progress suggests a quiet recalibration in crypto’s hierarchy—one where functional use cases gain ground, even as stablecoins like Tether dominate transactional volume.
A breach above $2.50 could redefine crypto’s top ranks, proving that beneath the noise of speculation, real-world applications still shape value. For traders, it’s a reminder: sometimes, the quietest moves carry the loudest consequences.
XRP (Ripple) is currently trading at $2.296, posting a slight +0.07% daily gain. Over the past 7 days, it’s up +10.12%, and in the last month, XRP has gained +7.63%. On a longer-term scale, it has rallied an impressive +338.98% over 6 months and +350.58% over the last 12 months, marking it as one of the top-performing large-cap cryptocurrencies. Its market capitalization stands at $134.2 billion, with $2.62 billion in 24-hour trading volume.
From a technical standpoint, XRP recently broke out of a descending wedge pattern, a classic bullish signal, and is now trading above key moving averages. If XRP can push through the $2.33–$2.50 resistance zone, it could target a run toward $2.77 and $3.00, with the all-time high sitting at $3.40. However, if momentum fades, strong support lies around $2.16–$2.12.
On the fundamentals side, XRP has gained serious institutional traction with ProShares launching three XRP ETFs, including a 2x leveraged and an inverse fund. This has reignited bullish sentiment, especially as XRP products saw significant inflows—outpacing many competing altcoins. With strong long-term structure, the current rally may still be in early stages if macro sentiment remains positive.
