XRP has emerged as a standout performer in the cryptocurrency market today, experiencing a remarkable 20% surge in just 24 hours. This impressive rally has positioned XRP at approximately $2.40, a level not seen since November 2025. The recent surge has significantly outperformed other major cryptocurrencies, including Bitcoin, which saw a more modest increase of 7% during the same timeframe. Since the beginning of the year, XRP has risen over 30%, bouncing back from December lows of $1.70.
The catalyst for this upward momentum remains a topic of conversation among traders. Software engineer Vincent Van Code took to social media to question whether the rally was driven by specific news or represented a more organic market movement. He suggested that a non-news-driven surge could indicate a potential breakout for XRP.
Responding to the speculation, former Ripple CTO David Schwartz, now serving as CTO Emeritus, humorously implied that his retirement might have triggered the price increase. He jokingly noted that perhaps cutting his hair could be his next big market move. Van Code played along, suggesting Schwartz”s retirement might have been a prelude to the price surge.
Schwartz”s transition from daily responsibilities at Ripple was announced in October, marking the end of over 13 years in his role. He reflected on his significant contributions to blockchain technology, including co-creating the XRP Ledger. Although stepping back from his day-to-day duties, Schwartz affirmed his commitment to XRP and intends to remain involved in initiatives related to the token.
As XRP continues to outperform much of the market, traders are speculating about future price targets. Some analysts, like community member Zach Rector, believe XRP could replicate its previous performance from July 2025, when it reached $3.66. Others, including crypto podcaster Mario Nawfal, argue that a price target of $4 is achievable. Some enthusiasts are even predicting that XRP could reach as high as $8, a nearly quadrupled increase from current levels.
With XRP”s current trajectory, the market is closely monitoring its potential to hit new all-time highs, making it a focal point for traders and investors alike.
