XRP Surges Past $1.5, Reclaims Fourth Place as Broader Crypto Market Rallies
XRP crossed the $1.5 threshold on Monday, extending its recent ascent as the cryptocurrency market followed Bitcoin’s upward trajectory. According to data from CoinMarketCap, the token has gained approximately 13% over the past week, a move fueled by resurgent investor appetite and a broader improvement in market sentiment.
This price appreciation has propelled XRP’s market capitalization to $94 billion, allowing it to surpass BNB and once again secure the position as the fourth-largest cryptocurrency by total value. Trading activity has mirrored the price surge, with 24-hour volumes jumping a notable 109% alongside the heightened market movement.
It is important to contextualize this rally; despite the recent gains, XRP remains significantly below its all-time high of around $3.84, recorded in July 2023, trading roughly 58% lower than that peak.
Market-Wide Momentum Ahead of Key Federal Reserve Meeting
The bullish pressure was not isolated to XRP. The entire digital asset sector experienced broad-based gains as investors positioned themselves ahead of a pivotal Federal Open Market Committee (FOMC) policy meeting. Market participants are closely watching for signals on the future path of interest rates and monetary policy, which can influence risk-asset valuations.
Bitcoin led the charge, reclaiming the $75,000 level and helping to lift the total cryptocurrency market capitalization to $2.6 trillion—a 3.5% increase in the last 24 hours. Other major tokens, including Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA), all posted double-digit percentage gains during the same period, underscoring the widespread nature of the rally.
A Contrasting Narrative: Institutional Outflows Persist
Paradoxically, the price surge for XRP occurs against a backdrop of sustained institutional withdrawals from dedicated investment products. Data from CoinShares, a leading digital asset investment firm, indicates that XRP-focused funds experienced net outflows totaling $76 million over the preceding two weeks. This trend diverges from the flows seen in larger assets like Bitcoin and Ethereum, which have been attracting increasing institutional inflows during the same timeframe.
This discrepancy highlights a potential divergence between retail-driven spot market momentum, which can be volatile and sentiment-led, and more cautious institutional capital allocation, which often weighs regulatory clarity and longer-term fundamentals more heavily.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
