On May 10, XRP breached the $1.50 mark for the first time in nearly two months amid a rare weekend cryptocurrency market rally that also saw bitcoin briefly reclaim $82,000. According to Bitstamp data, XRP nearly touched $1.51, outperforming many high-cap altcoins, which were mostly flat or posted negative gains during the same period.
Although XRP later retreated to $1.45 as of 4 a.m. EST, it was still up approximately 2% over 24 hours, well ahead of the broader crypto market, which rose just 0.1%. Meanwhile, XRP’s rally toward $1.51 briefly pushed its market capitalization above $92.6 billion before falling back to just under $90 billion at the time of writing.
The digital asset’s surge followed a week in which spot XRP exchange-traded funds (ETFs) recorded $34.21 million in net inflows. According to Sosovalue data, the latest inflows brought the XRP ETF’s total net asset value to $1.12 billion, with a net asset ratio of 1.26%. The recent withdrawal of $115 million worth of XRP from exchanges also helped sustain the cryptocurrency’s rally late Sunday.
On social media, pro- XRP accounts cited the recent near-real-time cross-border redemption of tokenized U.S. Treasurys via the XRP Ledger as one of the key developments driving the cryptocurrency higher. As reported by Bitcoin.com News, the test transaction — conducted in collaboration with J.P. Morgan’s Kinexys, Mastercard and Ripple — is viewed as an important milestone and validation of the XRP Ledger’s utility.
In addition to the high-profile institutional collaboration, the XRP Ledger has recorded a notable increase in real-world assets and stablecoin activity. As noted in a May 10 post on X, tokenized assets on the ledger rose 45% over the past 30 days to about $3.03 billion, while stablecoin volumes climbed to $498 million.
Despite the recent rise in XRP’s price and growing utility narrative, the digital asset remains nearly $1 below its Jan. 6 peak of $2.40. Coingecko data also show XRP is down more than 21% since the start of the year. Since early February, XRP has largely traded between $1.30 and $1.50.
However, some analysts are highlighting XRP’s funding rates, which have remained negative since February 2026 — a scenario they say mirrors the contrarian setup that preceded the 2025 rally to $3.60.
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