TL;DR
- XRP accumulates $134 billion in market capitalization and is approaching $148 billion of USDT, driven by price and volume increases.
- Unlike Tether, which grows through token issuance, XRP gains ground with appreciation that reached 6.8% in the past week.
- The asset surpassed key moving averages and, if it maintains the trend, could reach between $2.50 and $3.00 in the short term.
XRP is going through one of its strongest periods in months and is nearing the point of surpassing Tether (USDT) in market capitalization. Currently, the cryptocurrency created by Ripple has a value of $134 billion, getting close to the $148 billion of USDT. The difference has rapidly reduced, driven by a market dynamic that favors XRP in terms of price and trading volume.
Unlike Tether, which increases its capitalization through new token emissions without changing its price, XRP progresses based on the appreciation of its price in the markets. In the past week, its price rose by 6.8% and remains at $2.30. This performance outpaces Bitcoin and Ethereum in percentage terms, two of the most important cryptocurrencies in the market, which are currently in a consolidation phase around $95,000 and $1,835 respectively.
XRP Leaves the Bad Times Behind
XRP has left behind a prolonged bearish trend and managed to position itself above the 50, 100, and 200-day moving averages, a technical behavior not seen for months. If this trend continues, it could reach a range of $2.50 to $3.00, a key zone for technical analysis in the short term.
The daily trading volume of XRP exceeds $3 billion, and its circulating supply amounts to 58.44 billion units. This surge also occurs in a market with a bullish profile, where several altcoins are following the trend, although none with the same performance as Ripple’s cryptocurrency.
The possibility of overtaking USDT and reclaiming a spot among the top three most valuable cryptocurrencies does not depend on large injections of new capital. The current momentum is based on sustained price appreciation, supported by a favorable technical context and a steady flow of trades. If the market maintains its positive bias, the position flip could happen sooner than expected, returning XRP to a more prominent position within the crypto market
