The crypto world is buzzing. Today, Bitcoin reached a record $118,000, pushing hope that it will soon break through $120k. But XRP isn’t being left behind. It surged over 13% in the past 24 hours—here’s why.
What Is XRP?
- XRP is a major altcoin—after Bitcoin and Ethereum—often called the “duke” of crypto.
- Its market cap sits around $160 billion, compared with Bitcoin’s $2.3 trillion and Ethereum’s $361 billion.
- Each XRP token trades for about $2.76.
- Ripple Labs, XRP’s largest holder, uses it in RippleNet—a tool for fast global transfers .
Why the Surge?
- Rise after Washington appearance
Ripple’s CEO Brad Garlinghouse spoke at a Senate hearing on crypto regulation in Washington—part of “From Wall Street to Web3.” Since then, XRP has climbed more than 13%. - Investor optimism
Garlinghouse’s appearance signals growing ties between Ripple and U.S. policymakers. That’s fueling bullish sentiment. - Strong short-term gains
XRP rose about 20% in the past five days. In the last year, it surged an incredible 500%+, outperforming Bitcoin (+105%) and Ethereum (‑3%).
Long-Term Context
- XRP has jumped around 507% over the last year .
- It’s now trading near $2.75–2.80, with a market cap close to $163 billion .
- Expert forecasts hint at a rise to $12.50 by 2028—a 500% potential gain.
- XRP’s highest-ever price peaked at $3.40 in January 2025.
What This Means
- Regulation: Garlinghouse’s high-profile presence suggests the U.S. could take a friendlier approach to Ripple.
- Momentum: With recent SEC wins—like dropping its appeal—XRP has cleared major legal hurdles.
- Caution: Crypto is volatile. High open interest in derivatives might trigger sudden drops .
- Opportunity: If XRP chips away at its $3.40 all-time high, it could pave the way toward expert price targets.
XRP’s 13% burst, intense 500% yearly surge, and strong policy signals make it crypto’s headline grabber today. Watch how Washington and SEC moves shape its next big move.
American Bitcoin Stock Tries to Recover After 40% Crash