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Why XRP is Outperforming Other Cryptos This Week

Irene Mukiri by Irene Mukiri
May 13, 2025
in Market, News
Reading Time: 4 mins read
Why XRP is Outperforming Other Cryptos This Week
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  • Missouri’s proposed crypto tax exemption boosts XRP’s adoption and investor confidence.
  • XRP’s 41.6% rise in futures open interest signals strong market conviction.
  • Technical breakout above $2.26 sets XRP on track for potential price gains.

XRP has had a standout week, bucking the broader market trend with a 20.5% price surge over the past seven days. The token, as of press time trading around $2.52, has seen renewed investor confidence driven by a mix of on-chain growth, increasing adoption, favorable legislative proposals, and strong technical performance. 

Recent rise has even helped it overtake Tether to become the third-largest cryptocurrency by market capitalization, now sitting above $147 billion. With growing market interest and positive sentiment, XRP appears to be entering a new phase of momentum, marked by rising engagement from both retail and institutional investors.

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Adoption and Regulation Fuel Optimism

One of the most impactful developments is the proposed House Bill 594 in Missouri. If passed, this legislation would make Missouri the first U.S. state to exempt capital gains taxes on crypto profits, including XRP. This move could significantly encourage crypto investments in the region. Analysts believe such regulatory clarity is essential for long-term confidence.

Additionally, XRP adoption continues to expand. Travala.com recently announced support for XRP as a payment method, allowing users to book travel services directly with the token. This real-world use case bolsters its utility, further separating it from purely speculative altcoins.

Moreover, data from Santiment highlights a strong uptick in user activity. The number of XRP account holders has increased by 11% in 2025 alone. This surge in new wallets indicates rising network interest and a broader base of token holders.

Why has XRP had a good week. Some reasons given by Santiment. 11% increase in account holders this year showing increasing adoption. https://t.co/COE1XW7fjA

— bill morgan (@Belisarius2020) May 13, 2025

On-Chain Metrics and Market Signals Strengthen

Glassnode reports a sharp rise in XRP futures open interest, which climbed from $2.42 billion to $3.42 billion in just one week. This 41.6% increase reflects a surge in leveraged trading, suggesting strong directional conviction among market participants.

$XRP Futures Open Interest has surged by over $1B in the past week, rising from $2.42B to $3.42B (+41.6%). This sharp increase in leverage coincides with a price rally from $2.14 to $2.48, suggesting elevated speculative activity and growing directional conviction, pic.twitter.com/QbsaOM9oxE

— glassnode (@glassnode) May 13, 2025

Crypto analyst Ali Martinez emphasized that XRP currently faces no significant resistance levels ahead. He identified $2.38 as a critical support zone, and since the asset has stayed above this level, the outlook remains bullish.

Historical patterns also support further gains. A similar rise in futures interest in January preceded a major price jump from $2.30 to $3.30. If momentum continues, XRP could test its previous highs again.

Technical Breakouts Signal Continuation

Last week, XRP broke past the $2.26 resistance level, a key threshold identified by several analysts. Maintaining support above $2.38 indicates sustained bullish strength. The $2 level, once a major support line, has now been firmly retested.

Tags: Ripple (XRP) News

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