XRP rallied 80% in a single week, surging previous $1 for the primary time in three years. Its market capitalization hit $61.4 billion, pushing Dogecoin (DOGE) to seventh place. Whale exercise and hopes for regulatory readability fueled the surge.
On Saturday, XRP reached $1.26, its highest since November 2021. The worth soar marked an 85% weekly enhance. Whale wallets holding 1–100 million XRP amassed 453.3 million tokens price $526.3 million, Santiment information exhibits.
On the similar time, retail merchants dumped 75.7 million tokens price $87.9 million. This shift highlights rising confidence from main buyers. XRP’s buying and selling quantity rose by 81%, reinforcing its robust momentum.
XRP Overtakes DOGE on Market Cap Rankings
XRP’s market capitalization climbed to $60.39 billion, overtaking Dogecoin’s $53.29 billion. The flip cemented XRP because the sixth-largest cryptocurrency.
The rally comes as Dogecoin struggles to take care of its place. Elevated buying and selling quantity and whale shopping for gave XRP the sting.
XRP’s surge follows progress in regulatory discussions. Ripple’s lengthy authorized battle with the SEC continues to affect the coin. Nevertheless, a current lawsuit by state attorneys basic and the DeFi Training Fund questions the SEC’s crypto oversight.
This authorized push boosts market optimism. Traders count on clearer rules and a positive consequence for Ripple.
After peaking at $1.26, XRP fell to $1.05. Whale Alert reported massive transfers, together with 10 million XRP price $11.3 million to Bitstamp. Whale profit-taking drove the pullback.
CryptoQuant information exhibits XRP trade reserves elevated by 44 million tokens between November 13 and 16. This coincided with a 56% value surge, signaling blended market sentiment.
Analysts Break up on XRP’s Subsequent Transfer
Overbought circumstances on a number of timeframes elevate warning as CoinGlass studies $12.6 million in XRP liquidations, together with $9.1 million in lengthy positions.
Analysts stay divided. Chris McCrypto predicts XRP may hit $15–$20 within the subsequent cycle. CryptoCharged suggests a dip to $0.65–$0.75 earlier than one other rally.
For now, XRP’s rise indicators renewed curiosity and rising market confidence as its leap over DOGE highlights its resurgence as a prime cryptocurrency.