XRP Price Surges

The price of the third largest cryptocurrency, XRP, is showing positive action today, rising nearly 4% during the trading session. This increase comes despite Bitcoin’s rejection of the 200-day moving average, which has seen it lose as much as 2.5%.

The strength in XRP and increased buying activity is evident. Top trader known as DonAlt expressed his sentiment on X, stating that the relative strength of XRP is outstanding, although he noted it comes at an ‘odd spot’ as the rally goes against broader market behavior.

He mused that this could indicate some form of insider buying.

> Outstanding relative strength on $XRP today
> Odd spot, insider buying?
> — DonAlt (@CryptoDonAlt) March 13, 2025

It’s speculated that XRP’s price spike might be linked to CBOE alongside a $1.5 trillion financial giant filing for an XRP ETF or nearing a resolution in the Ripple vs. SEC legal battle.

With XRP’s price soaring significantly, a 3% change for the $134 billion asset translates to about $4 billion gained in just 24 hours. The market seems to be anticipating major news regarding XRP, but the specifics remain uncertain.