Tron (TRX) has soared 15%, hitting $0.236, with daily trading volume exploding by 116% to $2.49 billion.

This significant price surge reflects increased interest in altcoins and speculation fueled by Tron founder Justin Sun’s bold comparison of TRX to XRP. Over the past seven days, TRX has climbed 23%, with its monthly growth reaching an impressive 44%.

The rally aligns with a spike in derivatives market activity, as TRX Futures Open Interest jumped 43% to $184.82 million. Both institutional and retail investors are showing heightened enthusiasm for the cryptocurrency. However, technical indicators like the Relative Strength Index (RSI), now at 77, suggest overbought conditions, hinting at a potential short-term correction as some traders may take profits.

Justin Sun’s comments on X (formerly Twitter) have intensified speculation across the crypto market. His claim that TRX is the “Next XRP” has drawn parallels to XRP’s recent success, which was driven by legal wins, institutional adoption, and increasing ETF applications. Posts like “TRX = XRP” have further amplified attention, elevating TRX’s profile in the competitive altcoin market.

The momentum behind Tron can be attributed to a mix of renewed altcoin interest, Sun’s influential social media presence, and surging trading volumes. Although current overbought signals indicate a chance for price consolidation, investor sentiment remains optimistic. With Sun’s backing and sustained buyer interest, TRX could mirror XRP’s trajectory and establish itself as a leading cryptocurrency in the altcoin space.