XRP Reclaims #3 Spot Amid Investor Confidence
Key Takeaways
- XRP has surpassed Tether (USDT) and is once again the third-largest cryptocurrency by market capitalization.
- The current price is around $2.49 USD, with a recent short-term high of $2.60 USD.
- Long-term investors (so-called “whales”) are showing early signs of stabilization.
- Reactivations of dormant wallets suggest a possible accumulation phase.
- A new legislative proposal in Missouri could offer tax advantages for XRP investors.
XRP Surpasses Tether – A Market Signal?
XRP has reclaimed the third spot among the largest cryptocurrencies – for the first time since early 2021. With a market capitalization now once again exceeding that of Tether, the market is sending a clear signal: interest in XRP is rising. The current price increase is being driven not only by short-term speculation but also by fundamental developments.
On-Chain Data Indicates Early Stabilization
The activity of large wallets – often referred to as “whales” – is a key indicator of market trends. While net outflows from these wallets remain negative, the decline has significantly slowed. The 30-day average of these movements is beginning to stabilize. Historically, this has often been a precursor to a recovery phase.
Long-Term Wallets Becoming Active Again
Another notable signal: wallets that had been inactive for a long time are showing renewed activity. These reactivations suggest a possible accumulation phase – indicating that investors are deliberately acquiring XRP. Such phases often precede a steady price increase, as they reflect long-term confidence in the coin.
Political Developments as a Catalyst
A bill in the U.S. state of Missouri (House Bill 594) could provide tax relief for XRP investors. The proposal includes a full exemption of capital gains from digital assets – including XRP – from income tax. If passed, this legislation could make XRP significantly more attractive to U.S. investors.
What to Watch Now
Several factors are key for the current trend to continue:
- A sustained breakout above the $2.60 USD mark – ideally with high trading volume.
- A shift of the 30-day average of whale activity into positive territory.
- Further reactivations of large wallets, indicating growing investor confidence.
- Increasing liquidity and deeper order books, suggesting healthy market dynamics.
Our Assessment
XRP’s return to the third spot among the largest cryptocurrencies is more than just a short-term hype. The combination of stabilizing whale activity, a growing user base, and political tailwinds suggests a potential consolidation phase. Whether this evolves into a sustainable upward trend depends on the continued development of on-chain data and market liquidity. For investors, it’s worth keeping a close eye on XRP in the coming weeks – particularly with regard to technical breakouts and regulatory developments.
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Sources
- CoinMarketCap
- CryptoQuant
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | 103721 |
| 24h % | 1.11 % |
| 7d % | 9.70 % |
| 30d % | 23.51 % |
| 60d % | 22.42 % |
| 1y % | 64.62 % |
| Market Cap | $2,058,807,612,786.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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