$XRP rose by 5%, increasing its market capitalization by nearly $7 billion and regaining the price level of $2.50, despite the overall correction of Bitcoin and the cryptocurrency market.
Strong technical indicators support the upward trend, despite whale activity, which typically signals selling pressure.
While most cryptocurrencies, led by Bitcoin ($BTC ), are experiencing a correction, XRP has defied the trend, showing sustained buyer interest, increasing its market capitalization by nearly $7 billion.
In the last 24 hours, the price of the cryptocurrency XRP rose by more than 5% to $2.54, with a market capitalization of $148 billion. As a result, XRP became the leader in growth among the top 100 cryptocurrencies by market capitalization.
At the peak of this period, XRP's market capitalization briefly rose to $154 billion, temporarily surpassing Tether (USDT) and becoming the third-largest cryptocurrency by market capitalization, but has now returned to fourth place.
As for price movement, XRP also showed solid growth, regaining the $2.50 level, and on the weekly chart, the token rose by 21%.
Why is the price of XRP rising sharply?
According to Santiment, several factors are contributing to the growth of XRP, they write:
There are several reasons why the popular altcoin has seen a slight separation from other cryptocurrencies:
House Bill No. 594, which would make Missouri the first U.S. state to offer a full income tax deduction on all capital gains, including profits in Bitcoin and XRP.
In just 2025, the number of XRP holders increased by +11%
XRP is now accepted as a payment method on Travala.
Interestingly, XRP has maintained its bullish structure despite noticeable whale activity, which can typically signal selling pressure. Specifically, on May 13, the blockchain tracker Whale Alert reported the transfer of 20 million XRP worth $50 million to Bithumb. Such movements often precede volatility or correction.
Meanwhile, expectations are growing around the resolution of the ongoing Ripple case with the SEC, as agency chairman Paul Atkins emphasizes the need to modernize cryptocurrency regulations to support innovation and align with President Donald Trump's vision of making the U.S. the 'crypto capital of the world.'
Ripple and the SEC presented a settlement proposal that helped XRP increase its market capitalization by nearly $100 billion following its major legal victory confirming that it is not a security.
