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.
