XRP price rises nearly 15% to $2.44, reclaiming third position in cryptocurrency rankings as whale activity and institutional interest drive market momentum.
As Bitcoin BTC $87 017 24h volatility: 0.6% Market cap: $1.74 T Vol. 24h: $54.19 B price rallied above $97k for the first time in 2025 on Thursday, January 2, Ripple Labs’ XRP $1.85 24h volatility: 0.8% Market cap: $111.96 B Vol. 24h: $2.23 B rallied in tandem to reclaim the third most valuable digital assets by market capitalization. The large-cap altcoin, with a fully diluted valuation of about $240 billion and a 24-hour average traded volume of around $10 billion, surged over 14 percent to trade around $2.43 at the time of this writing.
Consequently, XRP overtook Tether’s USDT $1.00 24h volatility: 0.1% Market cap: $186.62 B Vol. 24h: $88.93 B to become the third-largest digital asset, with a difference of over $400 million. The gradual rebound of XRP from a crucial support level above $2 has signaled the onset of a potential bull rally towards its all-time high (ATH) in the near term.
Furthermore, XRP price has successfully retested the bullish breakout from the 2021 ATH, in the past four weeks. Additionally, the utility-focused altcoin has been forming a symmetrical descending triangle, which is often followed by a bullish uproar.
From a technical analysis standpoint, XRP price, in the weekly time frame, has seen the Relative Strength Index (RSI) remain above the 70 percent level since early November 2024 to date. With the altcoin having successfully rebounded from the 50-day Moving Average (MA), a consistent close above the falling logarithmic trend will guarantee XRP the next pump toward price discovery.
Top Reasons Why XRP Price Rallied Today
As Coinspeaker previously noted, the recent XRP bull run is heavily influenced by the re-election of President-elect Donald Trump among other pro-crypto US leaders. Moreover, Trump has signaled that the United States will become a leader in the cryptocurrency industry through clearer and more supportive regulations.
With the nomination of Paul Atkins as the next US SEC Chair to replace Gary Gensler, the XRP community anticipates the ongoing case to be dropped soon. Furthermore, the court had already ruled that XRP sales on crypto exchanges do not constitute investment contracts, thus not a security.
In the past two months, the XRP network has attracted significant attention from whale and institutional investors seeking to diversify their crypto portfolios. According to on-chain data analysis provided by Santiment, XRP whales, with a balance of between 100 million and 1 billion coins, added around 360 million in the past two days.
With the highly anticipated altseason, which will be triggered by the falling of Bitcoin dominance in the macro time frames, XRP price is well positioned to continue in a bullish outlook in the coming months.
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