XRP traders just showed everyone exactly what a comeback looks like. After a week of getting kicked around by bears, XRP roared back with over $3 billion in trading volume during a single 24-hour period. The digital asset bounced from $1.94 to as high as $2.15, proving that sometimes the best response to a beating is to simply dust yourself off and surge higher.
The timing couldn’t have been more dramatic. Just as skeptics were writing obituaries for XRP’s bull run, Ripple casually transferred 200 million tokens worth about $402.7 million to an undisclosed wallet. The Trump administration’s pro-crypto stance has created a more favorable environment for digital assets. Talk about making a statement. The move sparked immediate attention, and suddenly everyone remembered why they were watching XRP in the first place.
Behind the scenes, something bigger was brewing. XRP’s realized cap had nearly doubled from $30.1 billion to $64.2 billion in February, driven by a flood of new investors. But here’s the kicker – about 62.8% of that realized cap is now “old supply,” up from just 23%. Translation? The whales are getting fatter while retail traders chase the action. The large-cap status of XRP suggests greater stability and investor confidence in the asset.
The surge coincided with progress in Ripple’s seemingly endless legal battle with the SEC. Both parties requested to suspend appeals for settlement talks, and the market practically did backflips at the news. A resolution could open the floodgates for institutional adoption, though nobody’s counting their regulatory chickens just yet. The joint motion for settlement marks a potential turning point in the years-long dispute.
Technical analysts are having a field day with this one. Breaking above the 50-day moving average has them predicting a possible 60% rally back to 2025 highs.
But here’s the reality check – many recent investors are sitting on higher cost bases, making the market more fragile than a glass unicorn collection.
The verdict? XRP just proved it can still throw a punch when cornered. Whether this comeback has staying power depends on whale behavior, legal developments, and whether those technical predictions actually play out. For now, that $3 billion surge has certainly gotten everyone’s attention.
