XRP Surges Past Tether, Captivating the Crypto Market
2025-07-14 10:27:25
Main Idea
XRP has surged by 5% in 24 hours, reaching $2.90, with a seven-day gain of 28%, surpassing Tether to become the third-largest cryptocurrency by market capitalization. Analysts suggest the rally is driven by market dynamics and Ripple's role in cross-border payments, with potential for further growth.
Key Points
1. XRP's price surged 5% in 24 hours to $2.90, with a seven-day gain of 28%, and a market cap of $175.76 billion, making it the third-largest cryptocurrency.
2. The rally is attributed to the Israel-Iran ceasefire and Ripple's role in cross-border payments, potentially handling 20% of global money transfers ($30 trillion volume).
3. Analyst XRPunkie notes XRP could approach $5 by month's end if Bitcoin and Ethereum continue breaking records, though overbought signals suggest a possible short-term pullback to $2.55–2.60.
4. XRP's rise is supported by high trading volumes, positive RSI, and upward MACD signals, but indicators also show potential for a correction.
5. Ripple's infrastructure shift away from SWIFT and its promise of faster, lower-cost transactions provide a sustainable foundation for XRP's price increase.
Description
XRP sees substantial gains, surpassing Tether to third-largest cryptocurrency. Rise driven by Bitcoin's milestones and increasing institutional interest. Continue Reading: XRP Surges Past Tether, Captivating the Crypto Market The post XRP Surges Past Tether, Captivating the Crypto Market appeared first on COINTURK NEWS .
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