XRP Soars Past $3 to 7-Year High, Becomes Third-Most Valued Cryptocurrency
The cryptocurrency XRP saw a historic price jump, surpassing $3 for the first time in seven years, fueled by market optimism and legal developments.
By Tylt Editorial Team
XRP surged over 8%, reaching a $174 billion market capitalization, becoming the third-most valued cryptocurrency.
Trading volume skyrocketed 121% in 24 hours, with XRP trending at peak popularity online.
Ripple Labs faces SEC appeal while market anticipates a crypto-friendly shift in regulation
XRP, the cryptocurrency focused on payments, achieved a major milestone by surpassing $3 for the first time in seven years. This dramatic rise reflects a broader wave of optimism among investors, driven by favorable market conditions and developments in its ongoing legal battle with the Securities and Exchange Commission (SEC). The coin surged over 8% in just 24 hours, with its market capitalization reaching an impressive $174 billion. XRP has now overtaken stablecoin Tether to claim its position as the third-most valued cryptocurrency globally.
Adding to the excitement, trading volumes spiked by 121%, hitting $23.2 billion within a day. This made XRP the fourth-most traded cryptocurrency, trailing only Bitcoin, Ethereum, and Tether. The rally also drove a significant increase in speculative interest, with open interest in XRP futures climbing nearly 15% to $7.32 billion. This figure has nearly tripled since the start of 2025, reflecting strong market momentum.
Investor enthusiasm has been further fueled by expectations of a policy pivot at the SEC under the Donald Trump administration. Many are optimistic about a more favorable regulatory environment, including the potential approval of XRP spot exchange-traded funds. Ripple Labs' launch of the RLUSD stablecoin also added to the positive sentiment.
Ripple Labs has been embroiled in a legal standoff with the SEC since 2020 over the classification of XRP as a security. In a 2023 ruling, a court found that Ripple’s programmatic sales of XRP through exchanges did not violate securities laws. However, the SEC recently filed an appeal to overturn this decision, keeping the case in the spotlight. Despite the ongoing litigation, market participants remain hopeful about the cryptocurrency's future.
XRP's surge also captured public attention, with search interest hitting peak levels according to Google Trends. Its rally has pushed its market valuation beyond that of major companies like Palantir Technologies, underscoring the growing influence of cryptocurrencies in the global financial landscape.
