XRP Price Surges Past $3, Hits Six-Month High
The price of XRP, a cryptocurrency linked to Ripple, jumped above $3.00 on Monday — its highest level in six months. This rise is driven by growing investor confidence in XRP’s future and a more friendly regulatory environment in the U.S.
Matt Kreiser, an analyst from crypto research firm Messari, said XRP could benefit from growing interest in tokenization — the process of turning real-world assets like stocks and bonds into digital tokens on a blockchain. He also compared this recent price strength to a similar rise last year, especially after President Trump won re-election, which boosted crypto markets.
Currently, XRP is trading around $2.92, up 2.2% in the past 24 hours and 27% over the past week, according to CoinGecko. Its movement follows Bitcoin, which also hit a new high on Monday before falling slightly.
Financial institutions are increasingly exploring how to use blockchain technology to manage real-world assets. XRP’s blockchain, called the XRP Ledger, has built-in compliance features that make it easier for banks and financial companies to use. Kreiser also pointed out that upcoming upgrades — like smart contracts and an Ethereum-compatible sidechain — could make XRP even more useful and attractive to developers.
At the same time, U.S. lawmakers are slowly moving forward on stablecoin regulations, which could also help XRP grow.
Carlos Guzman, an analyst at crypto firm GSR, noted that retail investors (individual buyers) are showing new interest in older, well-known crypto projects like Cardano, which also jumped 27% this week to $0.73. He said the trend is similar to the boom period of late 2023.
In the past, XRP faced legal trouble with the U.S. Securities and Exchange Commission (SEC), which threatened its business model. However, that case has ended, removing a major obstacle for the company.
Ripple CEO Brad Garlinghouse recently highlighted the company’s new partnership with BNY bank to manage stablecoin reserves, calling it an important step in building trust in crypto.
XRP is designed to make cross-border payments faster and cheaper, similar to what stablecoins do. Analysts at Standard Chartered bank believe XRP is in a strong position to grow and predict its price could reach $5.50 by the end of the year. Reasons include the possible launch of an XRP-based ETF, wider stablecoin use, and tokenization trends.
