XRP skyrocketed beyond the $3 threshold, reaching its highest valuation since 2018 amid substantial institutional accumulation and heightened interest in alternative cryptocurrencies. Trading volume surged over 100% during this rally, reflecting intensified market participation.
The price retreated to approximately $2.75 as institutional entities executed significant profit-taking strategies. On-chain metrics substantiated considerable selling pressure during this correction phase, a movement primarily attributed to institutional capital rotation.
The protracted legal confrontation between the U.S. Securities and Exchange Commission and Ripple Labs persists as a critical determinant influencing XRP’s valuation trajectory and institutional engagement levels.