XRP Surges Past Tether in Market Cap Amid Bullish Momentum and Rising Investor Confidence

XRP has overtaken Tether to become the third-largest cryptocurrency by market capitalization, soaring past $150 billion. This sharp climb isn't mere speculation—it's backed by strong technical indicators and robust on-chain data. XRP recently broke out of a multi-month descending wedge pattern, confirmed by high trading volume on the daily chart. It also surged past the $2.40 resistance zone and remains firmly above key moving averages, including the 50 and 100 EMA, signaling strong bullish momentum.

The Relative Strength Index (RSI) remains elevated but not yet overbought, suggesting more room for upside. Whale activity and increased transaction volumes hint at growing institutional interest. As the broader crypto market pivots toward altcoins, XRP is benefiting from a surge in network activity and renewed investor interest.

This breakout isn't just a chart-based rally. XRP’s rise past USDT in market cap underscores a deeper shift: renewed trust in XRP as a utility asset rather than a speculative token. With growing clarity in Ripple's legal battle, confidence in XRP’s role in global payment systems is strengthening.

Despite facing resistance in the $2.70–$2.90 range, the current uptrend remains intact as long as XRP stays above the $2.20 level. A short-term correction wouldn't be surprising after such a sharp move, but the long-term outlook appears bullish.

This milestone repositions XRP as a top-tier digital asset, drawing attention from retail and institutional investors alike. As adoption and sentiment improve, XRP could see continued momentum in the evolving crypto landscape.