XRP’s Significant Milestone: A Closer Look at Its Market Impact
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XRP’s Rise in the Crypto Market
On a notable Monday, XRP reached a significant achievement that drew considerable attention from the crypto community. The XRP network is abuzz with enthusiasm as the digital currency temporarily climbed the ranks in the crypto market, underscoring its prominent status as a leading asset in the sector.
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Expanding XRP Holder Base Fuels Market Performance
In the current bullish market phase, XRP stands out as a top-performing digital currency, rivaling even Bitcoin. Recently, Santiment, a renowned platform for market intelligence and on-chain analytics, revealed that XRP ascended to the third position in cryptocurrencies by market capitalization. This rise saw XRP surpass Tether (USDT), a long-standing occupant of this position, highlighting the asset’s recent bullish momentum. Despite returning to the fourth place, XRP’s brief claim to the top 3 underscores the growing interest and attention it commands.
During the reporting period, XRP’s price surged past the $2.61 mark, achieving its highest point in a month. Santiment identified several factors fueling this upward trend, propelling XRP into the top 3 cryptos and pushing its price toward critical resistance levels.
Influential Factors Behind XRP’s Surge
A significant driver is the introduction of US House Bill 594, which, if passed, would position Missouri as the first US state offering a complete income tax deduction on all capital gains, including those from Bitcoin and XRP. Another pivotal factor is Travala’s recent acceptance of XRP as a payment option, enhancing its utility and potential as a long-term asset.
Increasing Active Wallets Amid Price Growth
Santiment further noted XRP’s temporary ascent to the third spot was spurred by a noticeable increase in active wallet addresses. Data indicates that over 638,000 non-empty wallets joined the network since the start of 2025. This increase represents an over 11% growth in 2025 alone, with XRP’s total holders nearing 6.5 million for the first time in its extensive 12-year history.
This surge in wallet addresses aligns with price increases, reflecting heightened network activity and investor interest, signaling a new adoption phase for XRP. In a competitive and dynamic market, this expanding wallet base could provide essential support for sustaining XRP’s upward momentum as both retail and institutional demands converge.
At the time of analysis, XRP was trading at $2.49, marking nearly a 4% rise in the past 24 hours. Investor sentiment has notably shifted to bullish, with trading volume surging by over 179% in the past day.
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