XRP Rises to Third Largest Crypto After $30 Billion Weekly Surge

XRP has surged to become the third-largest cryptocurrency by market capitalization, reaching nearly $164 billion after a $30 billion increase in one week, driven by positive market sentiment and institutional interest. The token's price is approaching the $3 resistance level, supported by strong on-chain data, increased social media activity, and growing adoption of Ripple’s stablecoin RLUSD in cross-border payments, notably through partnerships like Visa's in Africa. Institutional capital inflows exceeding $4 billion into Bitcoin and XRP ETFs are reinforcing investor confidence, signaling a broader altcoin reaccumulation cycle and renewed interest in narrative-driven tokens. Bitcoin recently hit an all-time high above $118,000, while major altcoins including XRP, Ethereum, and Cardano showed significant daily gains, contributing to over $1 billion in liquidations. XRP's rally is also linked to regulatory developments, including the potential resolution of Ripple's legal battle with the SEC and the company's increasing engagement with U.S. policymakers, as evidenced by Ripple CEO Brad Garlinghouse's testimony before the Senate Banking Committee. These factors collectively underscore XRP's strong momentum and its growing role in both institutional portfolios and the wider crypto ecosystem.