Key Notes

• XRP's market performance demonstrates renewed investor confidence, pushing valuation to $168 billion with unprecedented trading volume surge.
• Network activity shows remarkable growth with 341 high-value transactions exceeding $1 million on the XRP Ledger.
• Market analysts position XRP for potential market dominance in 2025, outpacing major competitors like Ethereum in recent gains.

XRP, the third-largest digital asset by market capitalization, has hit the $3 price tag for the first time since 2018 when it hit its all-time high of $3.84. The cryptocurrency has soared a monumental 14.45% in the past 24 hours and trades at $2.94 at the time of writing after reaching a daily high of $3.02, claiming a valuation of $168 billion.

According to data provided by CoinMarketCap, XRP’s trading volume rose a massive 154.53% in the past 24 hours to $19.11 billion. This significant price surge comes amid the anticipation of the United States Securities and Exchange Commission’s (SEC) opening brief that the agency is set to file today in the XRP lawsuit. 

As reported earlier today, the transactions on the XRP Ledger also shot up, with the blockchain network recording around 341 transactions with over $1 million in value. Considering the recent price surge, analysts expect XRP $2.92 24h volatility: 12.3% Market cap: $167.75 B Vol. 24h: $19.90 B to outperform its rivals in 2025, including Ether ETH $3 342 24h volatility: 4.9% Market cap: $402.81 B Vol. 24h: $22.75 B , which has surged only 5.22% in the past 24 hours.

Editor’s note: This is a developing story

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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