XRP Overtakes USDT – The Road to $10 is No Longer Far?

Recently, XRP has surpassed Tether (USDT) to become the third largest cryptocurrency by market capitalization. This change marks an important milestone for XRP, highlighting renewed investor confidence and increasing momentum in the market. Although USDT still maintains its position due to its stablecoin nature, XRP's growth is primarily driven by increased adoption, positive legal developments, and a solid network platform. On-chain activity indicates an increasing demand and accumulation by whales, while technical indicators suggest a sustainable price increase towards double digits. Here are the top reasons why the price of XRP is at the brink of a major surge. Legal Transparency and Management Progress The price increase of XRP is significantly influenced by the clearly improved regulations. The prolonged SEC lawsuit has created uncertainty, making many investors cautious. However, recent court rulings have started to favor Ripple, providing a clearer legal framework for the classification of XRP. This change has alleviated concerns about XRP being considered an unregistered security, encouraging institutional investors and traders to increase their investments. The management process often serves as a catalyst for price fluctuations, and the easing of legal pressures has restored confidence in the long-term viability of XRP in the cryptocurrency ecosystem. Expand Use Cases and Partnerships Ripple's continued focus on real-world adoption plays a crucial role in the growth of XRP. The company's blockchain solutions facilitate faster and cheaper cross-border payments, attracting banks and financial institutions worldwide. These partnerships not only drive demand for XRP as a bridge currency but also demonstrate its practical utility beyond speculative trading. By expanding the global payment network and signing agreements with key partners, Ripple reinforces the market position and prospects of XRP. This practical adoption creates a fundamental value proposition, supporting sustainable price growth through increased transaction volume and network activity. Is the $10 mark within reach for the XRP price surge? The idea of XRP reaching 10 USD has been speculated for many years but seems distant due to its historical price range. However, breaking past USDT signals a strong bullish momentum, supported by: Supply and demand factors: The total supply and circulating supply dynamics of XRP can amplify price volatility when demand surges. Technical breakthrough: Recent price movements show that XRP has broken through important resistance levels, indicating potential bullish trends. Market sentiment: Positive news, combined with a broader recovery phase of the cryptocurrency market, could drive prices up quickly. However, reaching the milestone of 10 USD will require continuous buying pressure, broader acceptance, and possibly greater regulatory clarity. While the increase to 10 USD may not happen immediately, this milestone is now more achievable than ever.

The long-term price movement of XRP shows that the recent price action not only helped the price break through the accumulation zone but also laid the foundation for a strong price increase. The weekly MACD is about to have a bullish crossover, while the price has surpassed the bullish flag pattern. Therefore, the next price movement is expected to reflect the breakout in 2024, which could push XRP to the upward trend at the level of 9.23 USD, and this could be the peak of the upcoming rally. Meanwhile, there are some points to consider in the coming days that could significantly impact the XRP price surge, such as updates on regulations, Ripple's business developments, market sentiment, and technical factors $XRP. {spot}(XRPUSDT)