$XRP XRP is currently trading around $2.35 to $2.40, with a market cap near $138-140 billion and a circulating supply of about 58.5 billion tokens. Over the past year, XRP has surged over 350%, reaching highs above $3.3 earlier in 2025.
Bullish sentiment is strong, supported by an emerging inverse head-and-shoulders pattern that targets $2.70 to $2.90, driven mainly by growing institutional demand and the nearing resolution of Ripple's SEC lawsuit3. Recently, Ripple and the SEC agreed on a partial settlement, reducing Ripple's payment from $125 million to $50 million, which has eased regulatory uncertainty and boosted confidence.
If XRP continues its momentum, analysts suggest it could reclaim the third spot by surpassing Tether soon and potentially challenge Ethereum for the second-largest crypto by market cap. To surpass Ethereum's $291 billion valuation, XRP would need to roughly double its price to about $5, which some analysts predict could happen but likely over a longer timeframe3.
In summary, XRP is currently in a bullish phase with strong institutional interest and regulatory clarity improving, making a price target near $2.7–$2.9 plausible soon, and a longer-term potential to reach $5 if it climbs to the second-largest market cap.