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Cryptocurrency News Articles

XRP Hits $3, Surpasses Bitcoin in Google Search Trends as Resurgence Gathers Momentum

Jan 17, 2025 at 10:00 pm

XRP Hits $3, Surpasses Bitcoin in Google Search Trends as Resurgence Gathers Momentum

XRP price today: XRP price crossed the $3 mark on Monday, hitting a new high for 2025 and sparking renewed interest in the cryptocurrency.

XRP price today hit a new high for the year as the cryptocurrency continues to outpace Bitcoin and Ethereum in searches on Google. Searches for XRP outperformed Bitcoin on Monday, marking the third time in the past year that XRP led global search volume.

The cryptocurrency also surged by over 47% since the start of 2025, breaking the $3 mark before settling at $3.10. XRP surged about 35% in the last week amid a turbulent crypto market. Analysts attributed the gain to several factors, including bullish sentiment related to the Ripple case, institutional accumulation, and speculation about changes in regulatory attitude by the incoming administration.

The price now puts XRP 12.9% below its all-time high of $3.40, reached in January 2018. Adjusted for inflation, the token would need to cross $4.24 to hit a new all-time high, according to Alex Thorn, head of research at Galaxy Digital.

Another reason for the interest is the growing ecosystem of Ripple. The recent unveiling of the RLUSD stablecoin by the company and the possible green light for a spot XRP exchange-traded fund created a lot of optimism. Even Ripple President Monica Long hinted at a friendly regulatory regime to come from the new administration, which also flushed in some optimism.

According to data from Google Trends, searches for XRP outperformed Bitcoin on Monday. This is the third time in the past year that XRP led global search volume.

The interest reflects increasing investor confidence in the cryptocurrency, as it extends the lead over flagship cryptocurrencies such as Bitcoin and Ethereum for the fifth week in a row.

Institutions are showing increasing interest in XRP, with the recent rally largely driven by activity in the spot market, which contrasts with Bitcoin and Ethereum, where derivatives usually play a more significant role. Analytics firm Santiment reported that addresses holding 1 million to 10 million XRPмпампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампампаmp. XRP Liquid Index (XRPLX) price today. Source: Brave New Coin

According to order flow analyst Dom, XRP’s rise was fueled by strong spot trading demand, with minimal changes in funding rates and buy premiums.

“If I saw this with Bitcoin, I would simply say we are going much higher,” remarked Dom, highlighting the bullish potential for XRP.

From a technical perspective, XRP recently broke out of a bullish flag pattern, signaling further upside potential. Its relative strength index (RSI) remains near 72, indicating room for additional growth. The token is also trading well above its 50-day exponential moving average of $2.20, which continues to act as a key support level.

Analysts now eye the $4 mark as the next major milestone, with some predicting a rally to $6 if current momentum persists. The broader market recovery, coupled with XRP’s strong technical indicators, suggests a promising outlook.

XRP's resurgence to $3 marks a significant moment for the cryptocurrency, driven by a combination of legal victories, institutional backing, and positive market fundamentals. As XRP garners more attention and interest, the question remains:

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