XRP has officially overtaken Tether (USDt) to become the third-largest cryptocurrency by market cap, now valued at over $151 billion.

This milestone comes as XRP continues its strong bull run, with the token trading at $2.59, up 10.2% in the last 24 hours and 22.4% over the past week, according to Kraken’s price feed.

Now, one crypto analyst believes XRP’s rally is only getting started — and that the price could climb to $10 or more in 2025.

Crypto analyst Edo Farina shared his bullish take on X (formerly Twitter), pointing to several key factors behind his price projection.

What’s driving the bullish outlook?

One of the biggest catalysts, according to Farina, is Bitcoin Dominance (BTC.D) — a metric that tracks how much of the total crypto market belongs to Bitcoin. He notes that when BTC.D drops, it often signals the start of an altcoin season, which could push XRP and other tokens higher.

Another major factor is the regulatory clarity Ripple now enjoys in the U.S. after resolving its long-running lawsuit with the SEC.

Farina argues that XRP must become central to global payments and real-world asset (RWA) tokenization. Ripple is already making moves in that direction — reportedly contributing to the digital Euro rollout and acquiring key players like Hidden Road, with potential talks around buying Circle, the issuer of USDC.

Another potential game-changer? XRP ETFs. If the SEC approves exchange-traded funds for XRP, Farina believes demand could explode.