XRP moves as market cap rises

XRP, developed by Ripple, made a big move today with prices rising 10.49% sending the market cap soaring. $163.8 billion dollars for the first time. The coin now outperforms popular brands like Disney and Nike as well as other financial giants like BlackRock and Vanguard.

🚨Urgent: #XRP The market value is now greater than Disney and Nike! pic.twitter.com/6WPC3fpmiR

– JackTheRippler ©️ (@RippleXrpie) January 15, 2025

This latest increase in XRP now places the coin as the third largest cryptocurrency, behind Bitcoin and Ethereum on the basis of market cap. The rise also sparked debate over whether the coin can challenge ETH for second place.

What is fueling the current XRP boom?

XRP is currently making a bid not only in the cryptocurrency sector but also in the global financial sector. With its excellent performance since its launch in 2025, the currency has attracted investors from all over the world.

Santiment highlighted that whales have been accumulating the token in the past few months. Santiment recently books“,”[there has been] A massive accumulation of wallets holding 1 million to 10 million XRP, holding 37% more coins than they did two months ago (about $3.8 billion worth of XRP has been added since the accumulation began on November 12, 2024).“

On the other hand, this boom is fueled by the expected inauguration of Donald Trump on January 20, 2025, as Covered On January 14, 2025. The XRP community is anticipating positive results for Ripple as Trump takes office.

The rise in XRP could also be linked to speculation regarding a potential addition to ETFs. If added, this would lead to more institutional adoption driving the growth of the cryptocurrency further.

XRP market activity analyst opinions

Ripple (XRP) is currently trading at $2.85, according to the data received TradingView. The current price represents a rise of 10.49% on the day. The coin has also recorded a price rise of over 22% in the past seven days, indicating bullish momentum.

Source: Trading View

The currency’s trading volume over the past 24 hours reached $15.15 billion, an increase of 74.51%. The current market cap is US$163.71 billion with a total supply of US$99.98 billion.

Cryptocurrency analysts’ opinion about XRP

Compared to Bitcoin, XRP offers faster and cheaper transactions making it more attractive to both investors and institutions. Their utility in cross-border payments also distinguishes coins.

According to A mail Written by cryptocurrency analyst XRP Whale, “$XRP is the strongest cryptocurrency in the world from a technical analysis point of view at the moment!The analyst also added that bulls continue to hold the cryptocurrency in line.

Another crypto analyst with the alias BitBelleza Highlight “which”XRP breaks the highs with strong momentum!He also predicted that the price of XRP will reach $4 to $5 in the short term and $27 by 2025. Based on the analysts’ stance, we could see a further rise in the price of the coin.