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Since the Ripple-SEC lawsuit began, many people thought it was the end for XRP. Even though its price dropped to $0.10 from its all-time high, most believed it would never recover. But fast forward to now, Ripple’s native token XRP is among the top-performing cryptocurrencies, ranking in the 3rd position with a weekly gain of 25%.
So, what’s behind the price pump? Some experts believe a further surge to coming as XRP aims for $6 Mark now.
XRP Wallet Growth Hits Record High
One of the strongest signs of renewed interest in XRP is happening on-chain. The total number of non-empty XRP wallets is nearing 6.5 million, which is the highest in the network’s 12-year history
Over 638,000 new wallets were added in the first few months of 2025 alone, a more than 11% increase, showing that retail and institutional users are re-engaging with the network.
Another bullish report from a $100 billion asset manager, WisdomTree, which named XRP the only altcoin that fits well alongside Bitcoin in a crypto portfolio.
Trading Activity Surge On Binance
Futures market data from Binance shows that XRP Open Interest, which previously dropped from a $1.5 billion high to $530 million, is now climbing once again.
Cryptoquant onchain analyst FundingVest says that short-sellers are getting more aggressive, but buyers are holding strong. This could mean that sellers are getting “absorbed,” a signal that XRP might be preparing for a breakout.
Even the funding rates have turned neutral, but on-chain data suggests shorts are slowly building while prices stay stable.
Coinglass Liquidation Data: Bulls Holding Strong
According to Coinglass, XRP saw $6.86 million in total liquidations recently. Interestingly, $3.59 million came from long-term holders, and $3.27 million from short traders.
Despite this shakeout, XRP has held its price ground, which is another sign of strength in the current uptrend.
Can XRP Hit $5 or Even $6?
Popular technical analyst MackAttackXRP is seeing a bullish pennant pattern on the weekly chart. If this pattern breaks upward, XRP could aim for a move above $3.40, possibly hitting $3.60 in the near term.
Some bullish projections even place targets as high as $5.00 to $6.00 if momentum continues.
As of now, XRP is trading near $2.57, reflecting a rise of 4% seen in the last 24 hours, and if momentum holds, the next stop could be $3 by the end of this week.