- XRP gained around 10% in 24 hours, once again moving ahead of Binance Coin into fourth place among the largest cryptocurrencies.
- The market cap increased to $124 billion compared to BNB’s $121 billion. The price jump brought XRP above the psychologically important $2 mark.
The XRP price increase attracted more market attention than one would normally expect due to the price now being above two dollars. It went from $1.86 to over $2.05 and has so far confidently maintained the new level.
Market experts attribute the development primarily to strong capital inflows into the XRP ETFs. These have already absorbed more than a percent of the amount of XRP in circulation, which noticeably reduces the available supply on the exchanges. If the trend continues, up to 4% of all XRP could be tied up in ETFs by mid-May.
At the same time, the technical situation also remains positive. XRP has cleared key resistance as it breaks above $1.90. The short ratio is low, which further stabilizes the upward movement. Analysts are already talking about a new phase in which the XRP price could reach a new ATH.
XRP optimism is back
There is palpable optimism in the community. Analyst “CW” describes the current increase as the beginning of phase 4, the goal of which is to exceed the ATH of $3.65. Some experts even predict that XRP will no longer fall below $2. Whether this assessment is correct depends primarily on whether ETF inflows continue and whether XRP will maintain the price level above two dollars permanently.
XRP delivers a strong signal at the start of the year and once again pushes BNB from 4th place in the top 10. The combination of ETF inflows, technical strength and positive market sentiment is creating a positive environment unlike anything XRP has seen in years.
If the momentum continues, XRP could soon be one of the strongest performers among altcoins.
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