Since the Ripple vs. SEC lawsuit started, many thought XRP was finished. Its price even crashed from its all-time high to just $0.10. But now, XRP has made a strong comeback. Itโs currently the 3rd biggest cryptocurrency, with a 25% gain this week.
Why is XRP Rising Again?
Experts believe XRP could rise further, possibly reaching $6. The main reasons are:
XRP Wallets Reach New All-Time High
The number of XRP wallets with coins is now near 6.5 million, the highest ever.
In early 2025 alone, 638,000 new wallets were added, showing growing interest from retail and institutional investors.
Asset manager WisdomTree even called XRP the best altcoin to hold alongside Bitcoin.
Trading Activity on Binance Grows
XRPโs futures market is heating up again.
Open Interest, which fell to $530 million, is climbing back.
Analysts say short sellers are being "absorbed" by buyers, hinting at a possible price breakout.
Coinglass Liquidations Show Strength
XRP saw $6.86 million in liquidations recently.
Both long and short traders were affected, but XRP held its ground.
This shows bulls are still in control.
Can XRP Really Hit $5โ$6?
Technical experts see a bullish pennant pattern forming.
If it breaks out, XRP could first target $3.40โ$3.60.
With strong momentum, price targets of $5โ$6 are possible.
Currently, XRP trades around $2.57, up 4% in 24 hours. If this trend continues, it might reach $3 soon.