Yes, XMR has risen greatly, but it's far from done. Just look at the relevant metrics. Reddit subscribers, IRC activity, Github activity, third party services, etc. Now compare these to other cryptocurrencies. For most of the metrics, Monero is right behind Ethereum. However, Monero's market cap is 16x smaller than Ethereum. So my view is that Monero is still underpriced. I can't see how it doesn't move up to #5 or higher.
Monero's biggest problem was lack of awareness. People mistakenly thought that Bitcoin was anonymous, and the Monero team was busy making Monero rock solid. The last few days have resulted in a tremendous increase in awareness of Monero. People are starting to realize that their Bitcoin is completely traceable, and Monero is perfectly positioned to benefit. Another 5x increase is not just possible, but very likely. If you're worried about buying at a high price, then distribute your buys over time.
To get to #5 in market cap, Monero "only" has to go to ~$225. Passing Ripple will be a much bigger step upward as it would need to climb all the way up to around ~$570. Then from there it would need to get to ~$660 to leapfrog Bitcoin Cash.
I believe Monero can do it. Right now it stands where it is mostly from FOMO and it has just barely been introduced in the Korean markets. The more I think about it, the more I believe that there will be a "Big 3" in crypto going forward: BTC, ETH, and XMR.