XRP (XRP-USD) is gaining major momentum as it inches closer to a $200 billion market cap for the first time ever. The altcoin has jumped 35% against Bitcoin in July alone, far outpacing both BTC and Ethereum as traders shift into higher-upside plays. A $1,000 investment in XRP just one month ago would now be worth about $1,700, showing how quickly momentum is building.
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Whale volumes are rising and technical indicators continue to turn bullish. XRP is now trading at $3.21 and appears ready to retest its all-time highs. Its market value has climbed more than 70% over the past month, reflecting a sharp turnaround in sentiment. As of Thursday, XRP’s market cap stands at $193 billion, just short of a new record. If the rally continues, analysts say it could top $250 billion by the end of the year. That would mark a dramatic shift in XRP’s standing within the broader crypto market.
Fractals and Fibonacci Point to $258B Target
The recent rally mirrors XRP’s 2024 price action almost perfectly. Last time, a similar overbought RSI setup led to a parabolic surge, with XRP’s market cap tripling in a matter of weeks. Now, the same technical formation has reappeared, this time with stronger volume and clearer trend breaks.
XRP has broken out of a multi-month descending triangle, a setup typically followed by strong upside moves. The measured target from this breakout sits around $212 billion. But if bulls push past that zone, the next major resistance comes into view at the 1.618 Fibonacci extension, roughly $258 billion in market cap, or $4.30 per XRP.
This isn’t just chart wizardry. Investors are already rotating capital out of Bitcoin and into top altcoins, a trend often seen during “altseason” phases. XRP’s technical setup is simply aligning with this broader shift.
Altseason Ignites as Bitcoin Loses Steam
Bitcoin’s dominance has started to slip. After reaching fresh highs earlier this month, BTC has traded sideways, allowing altcoins like XRP and Ethereum to catch up. In the last 24 hours alone, XRP and ETH have risen 8% while Bitcoin remains flat.
This divergence signals growing appetite for risk and return, and XRP, with its bullish setup and deep liquidity, is emerging as a prime target. Traders are positioning for a blowout move, especially if Bitcoin consolidates further.
If this altseason plays out like past cycles, XRP could be one of the biggest beneficiaries.
What Could Be Next for XRP?
Now that resistance levels are thinning and technicals are flashing green, XRP may have plenty of room to run. Traders should watch for a confirmed close above its previous high, followed by sustained volume to validate the breakout.
A move past the $200 billion milestone could trigger new institutional interest, especially if XRP maintains its lead over Bitcoin in relative strength. At the time of writing, XRP is sitting at $3.2118.
