XRP reclaims its position as one of the top three cryptocurrencies by market capitalisation

Once written off during the depths of the SEC lawsuit, the token has staged a powerful comeback, rallying 25% this past week

Ripple’s XRP has surged in price and interest recently, reclaiming its position among the top three cryptocurrencies by market capitalisation.

Once written off during the depths of the SEC lawsuit, the token has staged a powerful comeback, rallying 25% this past week and hitting a price of $2.57.

This latest rise is being driven not only by technical momentum but also by on-chain data that shows rising interest among both retail and institutional investors.

In the first few months of 2025 alone, XRP added more than 638,000 new wallets, an 11% increase. This pushed the total number of active XRP wallets to nearly 6.5 million—the highest point in the network’s 12-year history.

This rise in user adoption is coinciding with a renewed focus on XRP as a credible alternative to Bitcoin in portfolio construction, supported by recent analysis from leading asset manager WisdomTree.

Active XRP wallets hit record highs

The dramatic uptick in wallet creation follows years of regulatory headwinds that had suppressed activity on the Ripple network.

This growth in wallets is now being interpreted by analysts as a return of confidence in XRP’s long-term utility. While speculation has always played a role in crypto movements, the consistent increase in active, non-empty wallets indicates a broader shift toward sustained user interest.

At the same time, WisdomTree—a global asset manager overseeing over $100 billion in assets—released a report naming XRP as the only altcoin that aligns well with Bitcoin in a diversified crypto portfolio.

This institutional endorsement is a key driver of investor interest, especially as large holders typically seek coins with longer-term fundamentals and regulatory clarity.

Binance futures data shows buying pressure

Beyond wallet statistics, trading data from Binance is also showing bullish momentum. XRP futures open interest, which had fallen to $530 million from a high of $1.5 billion, is rising again.

This metric tracks the total value of open derivative contracts, and its growth typically signals that traders are positioning for further volatility.

While some traders are taking short positions, on-chain analysts such as FundingVest (via Cryptoquant) suggest that these positions are being absorbed by buyers.

This dynamic could point to an upcoming breakout, particularly if resistance levels continue to weaken under buying pressure.

Funding rates have returned to neutral territory, which usually precedes major price shifts as leverage resets.

Liquidation patterns suggest market strength

Coinglass data supports the thesis of building bullish strength. XRP saw $6.86 million in liquidations over the past few sessions, with long and short traders contributing almost equally to the total.

Notably, long-term holders accounted for $3.59 million, while short-sellers made up $3.27 million.

This even split indicates a battle between bulls and bears, but XRP’s ability to hold above $2.50 even during volatility suggests resilience.

Technically, analysts are watching a bullish pennant pattern forming on XRP’s weekly chart. MackAttackXRP, a well-known chartist, points to potential targets of $3.40 and $3.60 if the breakout confirms.

More aggressive price targets in the $5.00–$6.00 range are also being discussed, assuming broader market sentiment remains positive.

XRP is currently trading at $ 2.63 price, up by almost 4% in 24 hours, is viewed as part of a steady climb rather than a flash rally.

The $3 mark could be reached as early as the end of this week if momentum holds, though future gains will depend on whether buyer demand remains strong enough to overcome key resistance zones.