XRP just hit a 7-year high of $3, and with meme coins gaining traction on the XRP Ledger, the ARMY market cap has soared to $107 million.

XRP reached a seven-year peak on January 15, 2025, nearly hitting $3 as the XRP Ledger saw a boost in activity, largely thanks to meme coins. In just 24 hours, XRP's price jumped by 15%, peaking at $2.99 before settling at $2.95. This surge follows a pattern of rising trading volumes and growing interest in XRP-related tokens. 

 The XRP rally came alongside a comeback of meme coins on the XRP Ledger. ARMY, a token associated with the XRP community, surged by 30%, hitting a market cap of $107 million. Other meme coins like PHNIX and LIHUA also saw gains, with $1 million in secondary trading volumes in just one day. PHNIX's market cap reached $45.6 million, while LIHUA's hit $35.4 million. This uptick follows a significant spike in December when the XRP Ledger recorded unprecedented account activations and transactions. 

While many meme coins pulled back after that, the renewed interest in tokens like ARMY shows a growing optimism in the XRP ecosystem. Analysts suggest that XRP's recent surge is also tied to the potential approval of XRP exchange-traded funds (ETFs), which could inject billions into the market. XRP is now just 12% shy of its all-time high of $3.40 and has gained 28% in the past week, making it the third-largest cryptocurrency by market cap. In December, the XRP Ledger became more affordable to use after validators slashed the reserve price needed to maintain an account by 90%. 

This change made the network more user-friendly, encouraging more participation. The uptick in meme coin activity coincided with a rise in decentralized application (DApp) usage and unique active wallets, signaling increased network engagement. Sologenic (SOLO), another key token on the XRP Ledger, also thrived in this bullish environment, gaining 7% in a single day and over 25% in a week. Since November, SOLO's market cap has skyrocketed by over 200%, mirroring XRP's ascent.

1. Even with the legal battles from the U.S. Securities and Exchange Commission (SEC) refusing to delay its appeal on the Ripple case, XRP is holding strong. Investors are feeling optimistic, and the price of XRP keeps going up. The possibility of XRP ETFs drawing in significant investments adds to the positive vibe around XRP and its ecosystem in the near future.

The rise in XRP's price, along with the increasing popularity of meme coins on the XRP Ledger, shows a fresh wave of interest in the XRP ecosystem, especially with good news like lower network fees and the potential green light for XRP ETFs.