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.
