The mainstream cross-border altcoin has just crowned itself the third crypto currency by global market cap, according to CoinGecko. The independent crypto price aggregator was alarmed about this change about an hour ago, as Ripple coin now encompasses a $150.75 billion market capitalization, edging the popular stablecoin Tether (USDT) by roughly $700 million.
Ripple (XRP) Coin Makes Historical Move
Certainly, the ongoing crypto & stock market renaissance is closely tied to the peace treaty between the United States & China, who mutually decide to bury the hatchet in the global trade war for the next 90 days.
As the obnoxious triple-digit tariffs are left behind, this served as a relief signal for Bitcoin & all major-cap alts, while XRP managed to snatch the bronze medal in crypto’s global ranks with a 10.1% hike in 24 hours.
Turning the general market sentiment towards a two-month high in greed, the China & U.S. truce could be accompanied with more positive political events this week, which could result in massive money inflows into the crypto sphere.
For one, Ukraine’s President Volodymyr Zelensky has extended the invitation to rival Russia’s Vladimir Putin to meet this Thursday in Turkey. If the meeting bears any fruit towards peace, the crypto markets could see another leg in this bull run.
Why $5 XRP Price Target Is On The Horizon
Digging into the reasons behind today’s surge, the $15 billion addition to Ripple coin’s market cap in less than 24 hours comes with a tremendous trading volume spike, nearing $10 billion at the time of publication. The same tendency was spotted on Derivatives markets.
On the leveraged markets, speculative crypto traders boosted the Derivatives volume for XRP by a whopping 112.40%, real-time data from CoinGlass displays. Besides, the OI-weighted funding rate is at the highest since February 22, 2025, meaning that crypto traders are very eager to speculate on XRP’s upcoming price movements.
As we can see in the chart above, Ripple (XRP) is currently trading at $2.58, way above the blue trendline, which stands for the 200-day Exponential Moving Average (200-EMA). Combined with the blue dots of the Parabolic SAR metric, this metric suggests that Ripple bulls are currently in control of the altcoin’s price.
However, there’s still a 100% distance between the current Ripple (XRP) price and the $5 target. According to seasoned market observers like Michaël van de Poppe, the accumulation zone around $1.75 is “an important one for entries”.
Certainly, the altcoin is already over 50% up from this support level. Other pro crypto analysts such as Gerlaenko expect XRP price to enter price discovery at exactly $3.40, which coincides with the altcoin’s all-time high, hit over 7 years ago.
On The Flipside
- Monday’s 10.1% climb for Ripple (XRP) price kept both crypto bears and bulls evenly balanced in liquidation.
- The $20M in over-leveraged positions are split evenly between XRP believers and short-sellers at $10M each.
Why This Matters
Ripple’s XRP Ledger is known to have partnered with over 100 financial institutions worldwide, while the $50M settlement with the U.S. Securities and Exchange Commission (SEC) ignited discussions about a new all-time price record.
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