- XRP breaks $2.50 resistance; the next resistance zone lies near $2.80.
- Missing ledger data clarified by Ripple CTO as a development-phase issue.
XRP has moved up the cryptocurrency rankings, surpassing Tether ($USDT) to become the third-largest digital asset by market cap. The coin’s value and trading volume have surged in the last 24 hours, reflecting increased investor interest. Ripple’s native token shows strong bullish momentum as it breaks through key resistance levels. Meanwhile, new insights from Ripple’s CTO have shed light on early ledger data concerns within the XRP community.
XRP Market Cap Hits $147 Billion as Price Climbs
XRP’s market capitalization has reached approximately $147.07 billion, overtaking USDT to secure third place in the global rankings. The coin is trading at $2.51 after a 5.95% increase in the past 24 hours. XRP briefly hit a high of $2.60 before retreating slightly. Trading volume also surged to $10.18 billion, marking a 136.03% increase over the same period.
Source: Coinmarketcap
The current circulating supply stands at 58.55 billion tokens out of 99.88 billion. Analysts attribute the rising volume and price movement to renewed investor confidence. Market participants are rotating capital into XRP, which is now outperforming many other top assets.
Price Breakout Suggests Further Upside Potential
XRP recently recorded a 9.05% gain, bringing the token’s price to $2.58. The price broke above the $2.50 resistance level, which had capped gains since late April 2025. The breakout indicates renewed strength, with the next resistance identified near the $2.80 level.
Chart data shows a bullish market structure, with XRP bouncing from a $2.00 support zone. Analysts note that holding above $2.50 is crucial for maintaining upward momentum. Traders are watching closely for any retest of the previous support area, which could reinforce the ongoing rally.
At press time, XRP remains in a strong uptrend, supported by increased demand and technical strength. Market watchers anticipate the potential for continued gains if the coin avoids sharp pullbacks and consolidates above current levels.
Ripple CTO Clarifies Missing Early Ledger Data
David Schwartz, Ripple’s Chief Technology Officer and co-creator of the XRP Ledger (XRPL), addressed longstanding concerns about missing early ledger entries. During an interview on May 11, 2025, Schwartz explained that the first 32,569 entries are unavailable due to early development bugs.
He stated that the missing data stemmed from inconsistencies in multiple software versions during the XRPL’s early phase. One of the ledgers experienced a bug that led to irreversible data loss. At the time, the development team assumed the network would be reset, which ultimately did not happen.
Schwartz emphasized that the team chose not to modify the ledger further to avoid additional loss. He assured that the missing data was not due to manipulation, aiming to address community concerns over decentralization and transparency.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
