XRP has demonstrated significant market strength, recently surpassing the $2 mark, trading at $2.01. This represents a 6% increase in just 24 hours, marking one of its strongest performances in recent months.
With a market capitalization now standing at $122.05 billion, XRP has climbed to become the fourth-largest cryptocurrency by this metric. Notably, the trading volume for XRP has surged by an impressive 162.02%, reaching $4.21 billion, indicating a robust uptick in market engagement.
The current open interest in the crypto market has also risen to $1.3 billion, showcasing a 5.33% daily growth. This increase reflects rising investor participation and positioning within the market.
As we enter 2026, the cryptocurrency landscape is witnessing a rally, particularly among altcoins, even as Bitcoin struggles to regain lost momentum. The Crypto Fear & Greed Index remains in the “Fear” territory, although it is trending towards “Neutral,” indicating a potential shift in market sentiment.
Recent data from SoSoValue highlights that XRP exchange-traded funds (ETFs) have attracted $13.5 million in inflows within the past 24 hours. Since the launch of the initial Bitcoin ETF two years ago, these financial instruments have become crucial for enhancing liquidity across the cryptocurrency market.
As XRP closed December with a distinct ETF flow profile compared to other assets, the timing appears to align with the emerging narrative surrounding security regulations in digital assets. According to CoinShares data, XRP investment products garnered $70.2 million while Bitcoin investment products experienced a substantial outflow of $443 million over the same period.
Looking ahead, Standard Chartered has made projections for XRP”s price trajectory, forecasting it could reach $12.50 by the end of 2028. Their Global Head of Digital Assets Research, Geoffrey Kendrick, anticipates that XRP may hit $5.50 in 2024, $8 in 2026, and $10.40 in 2027, suggesting a potential gain exceeding 500% over the next three years. This optimistic outlook also includes the possibility of XRP surpassing Ethereum in market capitalization by late 2028.
In summary, XRP”s recent performance and market dynamics underscore its growing relevance in the cryptocurrency ecosystem as it navigates a rapidly evolving landscape.
