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news-imageJanuary 17, 2025

XRP Price Surge: Path to Overtake Ethereum and Become 2nd Largest Crypto

XRP has been performing exceptionally well in the market lately, with a remarkable surge over the past 24 hours. The cryptocurrency reached a new yearly high of $3.10, its highest price since December 2024, although it later saw a slight pullback.
Publisher: The Currency Analytics
Sentiment: Positive
ETH
XRP

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Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has made a notable start to 2025, with its price recently surging to $3,380—marking a 4.6% increase within just 24 hours. Despite this strong upward momentum, factors such as whale activity, market resistance levels, and rising open interest (OI) could suggest that a volatile period may lie ahead.

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Why Is XRP Going Up ? How High Can XRP Price Go?

Yesterday, the XRP price hit a new all-time peak of $3.38. With a growth of 42.1%, in the last seven days, the market has outperformed almost all the top ten cryptocurrencies, including Bitcoin, Ethereum, BNB, Solana, and Dogecoin. The massive surge has captured the attention of the entire cryptocurrency market.

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Why Betting Against Ethereum Now Could Be a Mistake

Ethereum, the second-largest cryptocurrency by market cap, has been under immense pressure recently. Over the last six weeks, it has dropped 18% against Bitcoin. However, crypto analyst Merlijn argues that it's too early to write off Ethereum's potential, as history shows it could make a strong comeback.

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XRP Bulls Dominate With One Billion XRP Bullish Volume

Once again, XRP has taken the market by surprise by breaking through the $3.20 barrier surpassing trader expectations and bucking past bearish trends. Following a phase of consolidation inside a descending triangle, XRP showed significant market interest and momentum, with a bullish engulfing candle and a remarkable $1 billion in trading volume.

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