Paul is now tied for second place nationally among Republicans and Independents, according to the latest Reuters/Ipsos poll.

The Texas Congressman now stands at 17 percent, according to the poll, tied with Newt Gingrich. The notable trend, however, is that while Paul has jumped a full five percentage points since December, Gingrich has plummeted by 8 points.

Among Republican voters alone, Paul has jumped by 4 points nationally and now stands at 16 percent. Gingrich again slipped by 8 points among Republicans alone, leaving him at 20 percent.

Mitt Romney still holds a considerable lead with 29 percent among republicans and Independents and 30 percent among Republicans alone.