In the cryptocurrency market, XRP is attracting the attention of many investors with its unique performance. In the past 24 hours, XRP's price has broken the $3 mark for the first time since 2018 and continues to lead the cryptocurrency market boom of 2025. According to AICoin data, XRP has risen by 41% in the last 15 days, making it a frontrunner among the top ten cryptocurrencies. Notably, XRP is only 17% away from its all-time high of $3.84, and its market capitalization has surpassed that of asset management giant BlackRock, reaching an astonishing $170 billion.
The surge in XRP is not coincidental but the result of multiple factors working together. Policy expectations and regulatory reforms have become one of the main driving forces behind XRP's price surge. The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple over the sale of XRP tokens has lasted for years. Ripple President Monica Long stated that she expects the spot ETF to be "approved soon," and the arrival of a new government may accelerate this process. Diego Cardenas, an over-the-counter trader at digital asset platform Abra, pointed out, "This surge is driven by an increasing number of partnerships, the launch of Ripple's stablecoin RLUSD, and speculation about a potential spot XRP ETF."
In this volatile market, the movements of "whales" often become important signals for market trends. Whales holding between 1 million to 10 million tokens have played a significant role during the surge in XRP's price. Analysis firm Santiment reported that since November 12, these addresses have accumulated 1.4 billion XRP, worth approximately $3.8 billion, and even during the price consolidation period in early December 2024, whales continued to accumulate. Ripple co-founder Chris Larsen recently transferred 20 million XRP to an unknown wallet, further indicating strong confidence among large holders in XRP.
Public interest in XRP is also on the rise. According to Google Trends data, global searches for XRP surpassed those for Bitcoin on January 15. Over the past year, XRP has led Bitcoin in search volume twice, the most recent being in November 2024. This trend indicates a sustained increase in market interest in XRP, which undoubtedly provides momentum for its price increase.
Order flow analyst Dom pointed out that the retest of $3 for XRP is entirely driven by spot buying. During the week when XRP's price increased by 15%, the funding rate and spot buying premium for XRP did not rise significantly, contrasting with the record highs in open interest for futures contracts of major assets like Bitcoin. The strong buying from spot investors provides solid support for XRP's rise.
From a technical perspective, XRP shows a strong growth trend. After rising 105% by the end of 2024, XRP broke through its bullish flag pattern. Technical analyst Dark Defender emphasized the "upward breakout" on XRP's monthly chart and compared it to the 2017 bull market when XRP surged by 1022%. Based on the Fibonacci retracement levels from the 2017 increase, XRP's price could rise to $10.23 or even $18.23 in the short term.
Current technical indicator analysis:
Candlestick Pattern: The recent price encountered resistance around $3.15 and retreated, forming a short-term top. The daily candlestick shows a long upper shadow, indicating heavy selling pressure above.
Volume: Hourly trading volume expanded at the peak and then contracted, showing insufficient market enthusiasm for chasing prices. Daily trading volume significantly increased on the previous trading day but has decreased today, indicating a cautious market sentiment.
MACD: The hourly MACD shows signs of a death cross, with weakening momentum; the daily MACD remains in the bullish zone but is trending flat.
RSI: The hourly RSI has fallen from the overbought zone to the neutral zone, indicating weakening upward momentum; caution is needed for potential pullback risks.
EMA: The current price is below the EMA7 and is gradually approaching the EMA30; if it breaks below, it may accelerate the decline. The EMA120 support is around $2.68.
In summary, the recent surge in XRP is the result of multiple factors working together. From policy expectations and regulatory reforms, continuous accumulation by whales, increased Google search interest, strong buying from spot investors, to support from technical analysis, many favorable factors have driven the significant rise in XRP's price. In the future, as these factors continue to develop, XRP is expected to maintain a strong upward momentum. However, market uncertainties still exist, and investors need to remain vigilant, keeping an eye on the latest market dynamics and policy changes to adjust their investment strategies in a timely manner.
In this opportunity-filled cryptocurrency world, XRP is undoubtedly a star worth paying attention to, and its future trends will continue to attract market interest. Whether for investment or research purposes, XRP's performance deserves our close attention and in-depth analysis. Understanding the pulse of the market is essential to remain undefeated in this ever-changing landscape.
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