Recently, XRP has surpassed Tether (USDT) to claim the position of the third-largest cryptocurrency by market capitalization. This change marks an important milestone for XRP, highlighting renewed investor confidence and increasing momentum in the market. Although USDT maintains its position due to its stablecoin nature, XRP's growth is primarily driven by increased adoption, positive legal developments, and a solid network foundation.

On-chain activity shows increasing demand and accumulation from whales, while technical indicators suggest a sustainable price increase towards double digits. Here are the top reasons why XRP's price is at the brink of a major breakout.

XRP's price surge is significantly influenced by improving regulatory clarity. The prolonged SEC lawsuit has created uncertainty, making many investors cautious. However, recent court rulings have begun to favor Ripple, providing a clearer legal framework regarding the classification of XRP. This change has alleviated concerns about XRP being classified as an unregistered security, encouraging institutional investors and traders to ramp up their investments.

The management process often acts as a catalyst for price fluctuations and the easing of legal pressure has restored confidence in XRP's long-term viability in the cryptocurrency ecosystem.

Expanding Use Cases and Partnerships

Ripple's continued focus on real-world adoption plays a crucial role in XRP's growth. The company's blockchain solutions facilitate faster and cheaper cross-border payments, attracting banks and financial institutions worldwide. These partnerships not only boost demand for XRP as a bridge currency but also demonstrate practical usefulness beyond speculative trading.

By expanding the global payment network and signing agreements with key partners, Ripple is solidifying XRP's market position and outlook. This real-world adoption creates a fundamental value proposition, supporting sustainable price growth through increased transaction volume and network activity.

Is the $10 Milestone Within Reach for the XRP Price Surge?

The idea of XRP reaching $10 has been speculated for years but seems far off due to its historical price range. However, surpassing USDT signals a strong bullish momentum, supported by:

  • Supply and Demand Factor: The total supply and circulating supply dynamics of XRP can amplify price volatility as demand surges.

  • Technical Breakthrough: Recent price movements indicate that XRP is breaking through significant resistance levels, suggesting potential upward trends.

  • Market Sentiment: Positive news, combined with the broader recovery phase of the cryptocurrency market, can drive prices to rise rapidly.

However, reaching the $10 mark will require continuous buying pressure, broader acceptance, and potentially clearer regulatory guidance. While the rise to $10 may not happen immediately, this milestone is becoming more feasible than ever.

The long-term price movement of XRP shows that recent price developments not only helped the price break through the accumulation zone but also laid the foundation for a strong price increase. The weekly MACD is about to have a bullish crossover, while the price has surpassed the bullish flag pattern.

As a result, the next price movement is expected to reflect the breakout of 2024, potentially pushing XRP onto an upward trend at the $9.23 level, which could be the peak of the upcoming surge.

Meanwhile, there are several points to consider in the coming days that could significantly impact the XRP price surge, such as updates on regulations, Ripple's business developments, market sentiment, and technical factors. $XRP