Despite the overall correction in the crypto market, XRP has posted gains of 2% on the week and nearly 1% on the day, showing remarkable resilience. According to data from Grayscale, XRP – the second-largest altcoin by market capitalization – is leading the top 10 coins in terms of year-to-date growth, becoming a bright spot in a volatile market.
Outstanding Performance and Outstanding Growth
Since the beginning of the year, XRP is the only altcoin to maintain positive growth, while major coins like Bitcoin (BTC) and Ethereum (ETH) have all declined. XRP is currently trading around $2.06 and has seen gains of more than 278% over the past six months, bringing its market capitalization to $125.8 billion.
Grayscale recorded a weekly return of 1.6% for XRP, far outpacing its top 10 peers. This is a testament to XRP’s intrinsic strength in the context of a deep market correction.
Strong Growth Catalysts
One of the factors driving XRP’s price was Ripple and the SEC reaching a $50 million settlement, ending a years-long lawsuit that had clouded XRP’s future. In addition, regulatory clarity under the Trump administration created positive sentiment in the market, causing the number of active on-chain addresses to skyrocket – from over 16,000 to over 100,000 in just the last few months of 2024.
Not only that, Ripple has also increased its strategic presence in Washington through political donations and close ties with policymakers, and has included XRP in its proposed list of potential assets for the US strategic cryptocurrency reserve.
XRP ETF and HashKey Fund Momentum
Another driving factor is the pending XRP ETF proposals, which could be a turning point in 2025. In addition, HashKey Capital – one of the largest digital asset management companies in Asia – has just announced the launch of the first XRP tracking fund in the region, for professional investors. Ripple also joined as a lead investor, opening a long-term cooperation period between the two parties.
Technical Analysis: Target Nearly Doubles Price
The technical chart shows a descending triangle forming, signaling a strong breakout. The resistance level to overcome is $2.50, and if successful, XRP could rise to **$3.88 (up 127%), even reaching a new high at $4.50 – equivalent to an increase of nearly 120%.
The MACD indicator shows green bars indicating bullish momentum, while the RSI remains around neutral (46), favoring the next rally. If the breakout fails, XRP could retest the support zone at $1.77.
On-chain and Derivatives Data Support the Uptrend
On-chain indicators show that the funding rate on Binance is positive – a positive signal as short positions are paying a premium for long positions. Open interest reached $3.14 billion, higher than the 2025 average, indicating that derivatives traders are paying strong attention to XRP.
On Binance and OKX, the Long/Short ratio is 2.16 and 1.88 respectively, indicating that bullish sentiment is prevailing. The net liquidation value is only $2.68 million – relatively low despite the strong market volatility.
Conclusion:
XRP has all the ingredients for a strong bull run – from regulatory clarity, institutional interest, Ripple’s strategic return to Washington, to positive technical signals and derivatives data. Even if the broader market crashes, XRP has the potential to double in value in the short to medium term. This is one of the most notable altcoins in 2025.
