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Leading crypto trading platforms Kraken and MoonPay call attention to $XRP significant gains following the coin’s latest surge to a multi-month high.
$XRP has been riding the wave of the latest relief rally in the crypto market, which commenced last week. Interestingly, the coin witnessed a notable price increase yesterday, soaring past the $2.6 mark for the first time since March 7, 2025.
The recent surge came after global travel giant Travala.com added $XRP as a payment option. This would allow Travala users to pay for flights, book hotels, and other travel products using $XRP.
Following $XRP’s recent surge, it briefly flipped Tether (USDT) to become the third-biggest cryptocurrency by market cap. Despite reaching a multi-month high of $2.63 yesterday, $XRP dipped slightly to the $2.5 territory and dropped to the fourth position in the global crypto ranking.
Kraken and MoonPay Highlight $XRP Rally
Meanwhile, amid the $XRP comeback, leading crypto trading platforms Kraken and MoonPay called investors’ attention to $XRP’s uptrend.
In a tweet, Kraken greeted its followers in a friendly morning greeting and asked if they were monitoring $XRP’s price movements. The exchange attached a screenshot to the post, showing that $XRP had registered an intraday high of 10.09% to $2.58.
Gm, anyone else watching $XRP today? pic.twitter.com/5qLhseg2WN
— Kraken Exchange (@krakenfx) May 12, 2025
MoonPay also highlighted $XRP’s gains over the past year in a separate X post. The accompanying screenshot indicated that $XRP’s price had increased by 403.46% over the past year.
Notably, it specifically asked $XRP community members for their collective view on where the coin’s price could be headed next.
okay $XRP Army what happens next? pic.twitter.com/FOnBh9S6RL
— MoonPay 🟣 (@moonpay) May 12, 2025
Meanwhile, the Kraken and MoonPay tweets elicited reactions from crypto enthusiasts, including exchanges.
Is $XRP Gearing Up for a New $ATH?
Specifically, Gemini crypto exchange confirmed that it was also watching $XRP’s latest move in response to Kraken’s post. In response, Kraken asked whether $XRP is gearing up for an imminent all-time high ($ATH).
Several market commentators believe $XRP is on the verge of registering a new $ATH this bull cycle. Many thought $XRP would achieve the milestone in January when it soared to around $3.34 on January 20. It bears mentioning that this date coincided with the day Donald Trump was inaugurated as the 47th U.S. President.
While many expected $XRP to continue its rally and surpass its previous $ATH of $3.84, it slumped heavily in subsequent months, reaching a low of around $1.6. However, $XRP has risen from the dust to continue its rally, with many experts like Michaël van de Poppe predicting it could soon “attack” its previous $ATH and eventually set a new record.
In the meantime, $XRP is currently trading at $2.50 per coin, with a daily increase of 3.24%. To register a new $ATH, $XRP’s price must soar by at least 54% from its current level to $3.85.