XRP rallied 80% in one week, surging past $1 for the first time in three years. Its market capitalization hit $61.4 billion, pushing Dogecoin (DOGE) to seventh place. Whale activity and hopes for regulatory clarity fueled the surge.
On Saturday, XRP reached $1.26, its highest since November 2021. The price jump marked an 85% weekly increase. Whale wallets holding 1–100 million XRP accumulated 453.3 million tokens worth $526.3 million, Santiment data shows.
At the same time, retail traders dumped 75.7 million tokens worth $87.9 million. This shift highlights growing confidence from major investors. XRP’s trading volume rose by 81%, reinforcing its strong momentum.
XRP Overtakes DOGE on Market Cap Rankings
XRP’s market capitalization climbed to $60.39 billion, overtaking Dogecoin’s $53.29 billion. The flip cemented XRP as the sixth-largest cryptocurrency.
The rally comes as Dogecoin struggles to maintain its position. Increased trading volume and whale buying gave XRP the edge. Â
XRP’s surge follows progress in regulatory discussions. Ripple’s long legal battle with the SEC continues to impact the coin. However, a recent lawsuit by state attorneys general and the DeFi Education Fund questions the SEC’s crypto oversight. Â
This legal push boosts market optimism. Investors expect clearer regulations and a favorable outcome for Ripple. Â
After peaking at $1.26, XRP fell to $1.05. Whale Alert reported large transfers, including 10 million XRP worth $11.3 million to Bitstamp. Whale profit-taking drove the pullback.
CryptoQuant data shows XRP exchange reserves increased by 44 million tokens between November 13 and 16. This coincided with a 56% price surge, signaling mixed market sentiment.
Analysts Split on XRP’s Next Move
Overbought conditions on multiple timeframes raise caution as CoinGlass reports $12.6 million in XRP liquidations, including $9.1 million in long positions.
Analysts remain divided. Chris McCrypto predicts XRP could hit $15–$20 in the next cycle. CryptoCharged suggests a dip to $0.65–$0.75 before another rally.
For now, XRP’s rise signals renewed interest and growing market confidence as its leap over DOGE highlights its resurgence as a top cryptocurrency.
