XRP Surges Above $2.5 as On-Chain Volume Hits $1.8B

XRP has recorded a sharp spike in on-chain activity, with over 720 million XRP transferred within 24 hours, according to data from CryptoQuant. The total transaction volume exceeded $1.8 billion on May 13, signaling growing investor interest amid the ongoing crypto bull run.

This surge comes as XRP stabilizes above the critical $2 mark, currently trading around $2.55 despite a slight 0.94% dip in the past 24 hours, per CoinMarketCap data. The third-largest cryptocurrency by market cap has posted a weekly gain of 20.48%, outperforming much of the broader market.

Massive token movements suggest bullish momentum is still intact, with XRP potentially forming a new resistance level above $2.5. Historically, similar spikes in transaction volume have preceded major price rallies, fueling speculation that XRP's rally may continue.

Adding to investor confidence, XRP recently overtook Tether (USDT) in market capitalization, securing the third spot globally. As of today, XRP’s market cap stands at over $153 billion, edging past USDT’s $150 billion. Additionally, XRP amassed $1.2 billion in trading volume, reflecting strong market demand.

Despite a minor price pullback, sentiment around XRP remains optimistic, supported by robust on-chain metrics and continued market activity. The combination of rising transfer volume, bullish price action, and increasing investor attention positions XRP as a top performer in the current crypto cycle.

With momentum building and key resistance levels being tested, XRP could be poised for further gains if current trends hold. Traders and investors alike are closely watching the $2.5 mark for signs of a breakout or consolidation in the days ahead.