XRP shoots to 3rd in crypto ranking after monster $30 billion weekly inflow
2025-07-12 09:53:59
Main Idea
XRP has surged to the third spot in cryptocurrency rankings by market capitalization, driven by broader market sentiment, technical breakthroughs, and growing anticipation of a resolution in its legal case with the SEC.
Key Points
1. XRP's market capitalization increased by approximately $32.57 billion over the past week, reaching $163.98 billion as of July 12.
2. The rally was fueled by XRP breaking above the $2.30 resistance level and tracking Bitcoin's new all-time high above $118,000.
3. Market interest in XRP has spiked, with 6,939 new XRP wallets created and social media activity rising to over 5.5% of all cryptocurrency-related discussions.
4. Growing anticipation of a resolution in Ripple's legal case with the SEC has supported XRP's momentum.
5. Speculation around the possible approval of an XRP spot exchange-traded fund (ETF) has also contributed to the rally.
Description
XRP has surged to the third spot in the cryptocurrency rankings by market capitalization, after adding over $30 billion in value over the past week. As of press time on July 12, XRP’s market capitalization stood at $163.98 billion, up from $131.41 billion a week earlier, an increase of about $32.57 billion. Notably, XRP peaked at $171.88 billion on July 11. XRP one-day market cap chart. Source: CoinMarketCap This momentum has also lifted XRP’s price, which is now testing the $3 resistance zone. ...
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