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    Vijay Gir is a Certified Blockchain Expert with over 8 years of experience in the blockchain industry. He has a deep passion for sharing his knowledge of blockchain, cryptocurrency, and web3 technologies. For the past 7 years, Vijay has been dedicated to writing about these transformative topics, helping others stay informed and understand the evolving landscape of decentralized technologies.

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    XRP Price Hits 7-Year High: Will the Rally Continue?

    • currency-symbol XRP $ 2.14 (0.11%) top gainer
    Story Highlights
    • XRP has surged 240% in the past quarter, reaching a seven-year high and surpassing Tether in market cap.

    • Strong fundamentals, including Ripple's new stablecoin, potential ETF, and growing partnerships, are fueling XRP's rally.

    • High trading volumes, healthy funding rates, and a bullish overall crypto market environment suggest continued momentum for XRP.

    XRP is spreading excitement in the market with its price movement. This month alone, its price skyrocketed by 50%, smashing through a seven-year high above $3. If that isnโ€™t impressive enough, the cryptocurrency has surged 240% over the past quarter. Itโ€™s now the third-largest crypto, outranking Tether with a staggering $176.75 billion market cap.

    Whatโ€™s driving this explosive growth, and could this momentum last?

    The Fastest Rally Since 2018

    XRPโ€™s current rally is the fastest it has seen since January 2018, a time many crypto enthusiasts remember as the peak of the altcoin era. The 14-month Relative Strength Index (RSI) has hit 84.80, its highest since December 2017, when it reached 94.57.

    Normally, an RSI above 70 suggests an asset is โ€œoverbought,โ€ which could signal a price correction. However, in strong bull markets like the one XRP is in, these high readings donโ€™t always mean a pullback is coming. In fact, prices can keep rising even when the RSI stays high.

    XRPโ€™s price surge is supported by a dramatic increase in trading activity. Spot trading volumes have jumped 84.72%, reaching $22.85 billion in just 24 hours. Derivatives trading has more than doubled to $34 billion, and perpetual futures open interest has hit a record-breaking 2.34 billion XRP. The healthy funding rate of 13% suggests the market is enthusiastic but not overheating.

    XRP futures open interest
    Source : Coinglass

    But itโ€™s not just the numbers driving XRPโ€™s rally. Rippleโ€™s new stablecoin, RLUSD, and growing speculation about a potential spot XRP ETF are adding fuel to the fire. Partnerships supporting XRP adoption are also creating a buzz.

    Meanwhile, Bitcoinโ€™s rise past $100,000, helped by optimism over slowing U.S. inflation, is boosting the overall crypto market. Ripple effects (pun intended) are benefiting other altcoins like XRP and XLM.

    XRPโ€™s Future: Could the Growth Continue?

    XRPโ€™s reclaiming of the third spot in the cryptocurrency rankings, surpassing even BlackRock in market cap, suggests a shift in market sentiment. With strong funding rates and key developments underway, XRP has the potential to keep growing.

    Never Miss a Beat in the Crypto World!

    Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

    As XRPโ€™s streak continues, the question remains whether this momentum will hold or if a correction is looming. One thing is for sureโ€”the entire crypto world is watching.

    FAQs

    How much would the price of Ripple be in 2040?

    As per our latest XRP price analysis, the Ripple could reach a maximum price of $148.37.

    How much will the XRP price be in 2050?

    By 2050, a single Ripple price could go as high as $418.73.

    How much will XRP be worth by the end of 2025?

    XRP might reach a high of $3.99 with an average of $3.07.

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