XRP Surges Past Tether, Captivating the Crypto Market

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.