The XRP is indicating a serious upward shift as it is currently being traded at $ 2.54 as of 13/05/2025.

The cryptocurrency has increased by 20.14 % in the last week based on data from CoinMarketCap. Despite a slight dip of 1.19% in the last 24 hours

The XRP price is showing a serious shift upwards as it is currently being traded at $ 2.54 as of 13/05/2025. The cryptocurrency has risen by 20.14 % in the last week based on data from CoinMarketCap. This is despite the fact that the token dropped by 1.19% over the last 24 hours. However, recent performance of the token has sparked optimism among investors.

Yesterday saw XRP go as high as $2.6093 reaching near the $3 level with only $0.40 separating it. The price later went down to $2.41 before coming back to where it stands now. This volatility brings to the fore the high level of market activity surrounding the Ripple-backed token.

Technical indicators are suggesting that there is a breakout on the cards. On May 10, a chart uploaded on X showed that XRP gave a buy signal, with possibilities of more upward movement. The price movement is in congruence with a greater trend of accumulation, with large investors pocketing close to 880 million XRP tokens in the previous month.

Price Optimism on XRP Boosted by Clarity in Regulatory

Resolution of Ripple Vs SEC case has been a major catalyst of XRP growth in the recent past. On the 9th of May, X posted speaking on the end of the SEC case against Ripple which hinted at the start of a new era of crypto. “With the regulatory uncertainty behind us, XRP is ready now to have its full potential,” a market observer commented.

This development has boosted confidence in XRP’s future. The settlement removes a major barrier that had previously weighed on the token’s price. Now, investors are focused on the potential of XRP hitting $10 by Q2 2025 as some bullish predictions have been put forward.

The potential for a spot XRP ETF to be approved is also adding to the euphoria. Talks about the ETF approvals have been picking it with many feeling that it might help kick-start even more institutional interest. A move of such nature would most likely lead to a spike in demand and cost.

Market Dynamics and Whale Activity Support Growth

The robust market dynamics are supporting the price ascent of XRP. The 20.14% increase over the period of seven days shows increasing appetite from investors. The token’s ability to recover from its daily low of $2.41 to $2.54 demonstrates resilience in a volatile market.

Data disseminated on X says that whales have increased their portfolio by 880 million tokens in the last month. This accumulation suggests confidence in XRP’s long-term value.

In addition, the overall market of cryptocurrencies is also conducive. Bitcoin had also crossed $104,000, as tracked at Coinmarketcap from May 11th , 2025 on the back of positive developments on U.S-China trade talks. This increasing trend might bring XRP closer to the $3 threshold, since altcoins like XRP often follow Bitcoin’s lead in terms of price.