XRP token is experiencing significant growth and has regained its position in third place in market capitalization, sparking optimism among investors and traders.
XRP Price in the Market
Recently, XRP token reached a price of $2.97 on Binance, marking its highest level since early March. However, the price has corrected slightly to $2.81. Despite this dip, XRP has reclaimed the third position in market capitalization, surpassing Tether with a valuation of $166 billion.
Analyst Optimism
The renewed optimism surrounding XRP has stemmed from forecasts made by well-known traders. Notably, trader DonAlt, who previously predicted XRP's breakout, now believes the token's price could continue to climb steeply. His analysis points to a strong technical breakout, drawing parallels with XRP's Q4 2024 rally, which he correctly predicted. Another trader, Jonny Moe, echoed the bullish sentiment, calling XRP's setup 'insane'.
Support from Social Activity
On-chain data supports the recent price action. According to Santiment, XRP has seen a sharp increase in network growth and retail activity across social platforms. Meanwhile, market veteran Peter Brandt hinted that the token might be entering an 'up only' phase but stopped short of naming a price target, noting the potential backlash from critics.
With growing optimism and increasing social interest in XRP, the question now is whether the token can surpass its 2025 peak of $3.39 and approach new all-time highs.
