XRP Surges Past $3: Heres Whats Next After 32% Weekly Rally

XRP's price has surged, reaching $3.15, its highest point since January, marking a 32% increase in a week. Despite this surge, market hype is muted, with most attention focused on Bitcoin. While the price increase is significant, on-chain data indicates short-term holders are up 24.5% and long-term holders have unrealized gains as high as 47%, suggesting a potential correction. If XRP dips below $2.70, a sell-off could occur, creating an opportunity for institutional investors to buy in and potentially drive the price back above $3, with a possible retest of $3.50. The broader altcoin market rally is just beginning, and XRP could benefit from investors shifting focus from Bitcoin to other large cryptocurrencies.