Ripple’s XRP token is currently experiencing one of its strongest rallies in years, marking a significant resurgence for the cryptocurrency. According to data from CoinMarketCap, XRP has surged 10.78% in the past 24 hours, 33.56% over the last week, 38.2% in the past 14 days, and an impressive 47.53% in the last month alone.
Even more striking, the asset has skyrocketed by 433.64% since July 2024, showcasing its remarkable long-term growth trajectory. This rally has brought XRP closer than ever to regaining its previous all-time high of $3.84, which it last achieved in January 2018. Currently, the token is just 15% away from breaking this record, a level it hasn’t reached in over seven years.
XRP’s strong performance is being driven by a combination of favorable market conditions, increasing adoption of Ripple’s technology for cross-border payments, and growing investor confidence. As the third-largest cryptocurrency by market capitalization, XRP’s rally is also reflective of broader bullish sentiment within the cryptocurrency market.
Is XRP On Its Way to a New All-Time High?
2025 proved to be a landmark year for Ripple’s XRP token, delivering significant gains and renewed investor confidence. Earlier this year, in January, XRP broke past the $3 mark for the first time in seven years, marking a major milestone for the asset. This surge was largely attributed to positive developments in the long-standing SEC vs. Ripple lawsuit, which had cast uncertainty over the token’s future for years.
The anticipation of the case nearing its conclusion fueled excitement in the market, driving demand for XRP. In March 2025, the lawsuit was officially settled, a pivotal moment that solidified regulatory clarity for Ripple and its XRP token. This resolution not only boosted investor sentiment but also positioned XRP for sustained growth, making the legal settlement one of the primary catalysts behind its impressive rally throughout the year.
XRP’s recent rally aligns with a broader market surge, sparked by Bitcoin (BTC) reaching a record high of $123,091 on July 14. This BTC milestone may have boosted investor confidence across the board. However, XRP could encounter resistance at $3.25. Breaking past this level might push the price beyond $3.50. Conversely, if XRP drops below $3, it could enter another phase of correction or consolidation.
Moreover, XRP has seen several positive developments this year, with the lawsuit settlement being the most significant. Another key milestone on the horizon is the potential for a spot ETF by 2025. Multiple XRP ETF applications are currently awaiting SEC approval, and the introduction of a spot ETF could significantly boost institutional investment in the asset.
Also read: Bitcoin Whale Bought BTC at $8k Price Point: Now Has $110 Million Profit
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
