When the Ripple-SEC lawsuit began, many thought it was the end for XRP. The price dropped to $0.10 from its all-time high, leading many to believe it would not recover. However, time has proven otherwise as XRP is currently ranked third on the list of top cryptocurrencies with a 25% increase over the past week.
This recovery is driven by several factors. A standout sign is the unprecedented growth in the number of non-empty XRP wallets, reaching nearly 6.5 million. Over 638,000 new wallets were added in the early months of 2025, indicating renewed interest from both retail and institutional users.
Other positive reports come from the $100 billion asset management company WisdomTree, as they argue that XRP is the only cryptocurrency, besides Bitcoin, suitable for adding to an investment portfolio. This enhances XRP's credibility and appeal to investors.
Trading activity on Binance shows a significant increase in XRP Open Interest, rising from $530 million after dropping from $1.5 billion. Analysis from Cryptoquant indicates that short-term sellers are actively trading, but buyers remain steadfast. Sellers may have been 'absorbed,' a sign that XRP could be preparing for a new breakout.
Liquidation data from Coinglass also shows the strength of XRP, with a total of $6.86 million recently liquidated. Despite experiencing volatility, XRP maintains its price, further reflecting the strength of the current bullish trend.
According to technical analysis from MackAttackXRP, a bullish triangle pattern could push XRP above $3.40, potentially reaching $3.60 in the short term. Some optimistic predictions even set a target of $5.00 to $6.00 if the upward momentum continues.
Currently, XRP is trading near $2.57, up 4% in the past 24 hours. If the upward momentum continues, the next target could be $3 by the end of this week.
Source: https://tintucbitcoin.com/xrp-can-tang-113-de-vuot-ethereum-kha-thi/
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