XRP rally to $3 holds, overtaking Bitcoin searches on Google Trends
2025.01.15 17:11
XRP (XRP) price reached $3 for the first time since 2018, as the altcoin continued to lead the markets in 2025. The crypto asset has risen 41% in the last 15 days, leading all major assets on the top 10 cryptocurrency list.
XRP 1-month chart. Source: Cointelegraph/TradingView
XRP is currently only 12.9% below its previous all-time high of $3.40, and the broader markets expect a price discovery period over the next few weeks.
XRP flips Bitcoin on Google Trends
XRP price and its holders have shown resilience over the past few weeks. The altcoin witnessed minor corrections when majors like Bitcoin (BTC) and Ether (ETH) declined significantly in the charts.
XRP, BTC interest over time. Source: Google trends
Data from Google Trends also highlighted that worldwide Google searches for XRP overtook BTC on Jan. 15. Over the past year, XRP has led BTC in terms of search volumes twice, with the altcoin leading the apex crypto asset end on November 2024.
Cointelegraph also reported that the XRP/BTC chart breached an 8-year descending resistance, which implied that the altcoin continues to build strength against Bitcoin.
The total number of XRP holders also registered an increase of 58,000 in 2025, with the “XRP army” indicating a strong hodling mentality.
Related: XRP price snaps 8-year downtrend vs Bitcoin as predictions target $14
XRP rally driven by spot investors, says analyst
In 2024, futures open interest (OI) in major assets like Bitcoin and Ethereum reached new all-time highs, underlying the importance of derivatives markets during bull runs. However, XRP’s recent rally was driven largely by spot investors.
XRP/USD 1-hour chart. Source: X / DOM
As illustrated in the chart, Dom, an order flow analyst, said that XRP’s $3 retest was completely driven by demand from spot holders. The analyst pointed out that XRP’s funding rate and spot buy premiums haven’t risen much during XRP’s 15% weekly returns. Dom said,
“If I saw this with $BTC, I would simply say we are going much higher.”
Meanwhile, the community also pointed out that XRP will potentially flip Ethereum with another 2.5X return if both assets continue to move at the same price rate.
In fact, Jeth, Sovrun co-founder, said that there is “no reason” to hold ETH over $XRP anymore. While the former had better “fundamentals,” XRP was backed by positive regulatory tailwinds as the first pro-crypto US government prepares to take over the White House on Jan. 20.
Related: How high can XRP price go?
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
