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XRP has experienced a remarkable 5% rise in the last 24 hours, reaching $2.90, bringing its seven-day gain to 28%. This surge took place after the Israel-Iran ceasefire and saw the coin appreciate by about 50% over a few days. Notably, XRP has surpassed Tether, becoming the third-largest cryptocurrency with a market capitalization of $175.76 billion. While Bitcoin 
$119,377 hit a record high of $122,600, XRP’s performance offers a distinct highlight in the market.
The Recent Jump in XRP’s Price
According to experts, two key factors are driving the rally in XRP coin. The increase in liquidity due to Bitcoin’s record and the investor interest triggered by XRP surpassing Tether play a vital role. Blockchain analytics firm Santiment reported that the number of wallets holding over one million XRP has reached a record high, indicating strengthened institutional purchases and whale accumulation. On social media platforms, discussions around the altcoin intensified dramatically, with trading volume reflecting this heightened confidence.
Ripple 
$0.008676‘s role in cross-border payment infrastructure shifts XRP’s rise away from mere speculation. With banks moving away from SWIFT, the company emphasizes that XRP could undertake 20% of global money transfers, equating to a vast $30 trillion volume. The promise of faster and lower-cost settlements strengthens the long-term investor narrative, providing a sustainable foundation for the price rise.
Are Analysts’ $5 Target Close for XRP?
Experienced analyst XRPunkie, examining XRP’s chart, noted that the current bullish structure has generated enough momentum to surpass the former peak of $3.40, potentially entering the discovery zone. While trading volumes remain high, the RSI is in the positive territory, and MACD is signaling upward. If Bitcoin and Ethereum 
$4,668 continue to break new records, XRP might approach $5 by the month’s end.
However, the overbought signals in the indicators might open the door for a short-term pullback. The RSI’s position in the overbought region and the weakening in Chaikin Money Flow suggest a correction to the $2.55–2.60 range is possible. Such a movement could be an opportunity for investors looking to position themselves in the medium term.
