- XRP is approaching a $200 billion market cap for the first time.
- The price of XRP has increased by 35% compared to Bitcoin in July.
- XRP market value rose nearly 72% in the past month, reaching around $193 billion.
- Analysts say continued growth could extend XRP’s market cap beyond $250 billion.
- The shift shows traders moving funds from Bitcoin to major altcoins like XRP and Ethereum.
XRP is nearing a $200 billion market capitalization, marking its highest point ever. This growth comes as Bitcoin experiences price consolidation following recent record highs.
Data shows XRP has gained almost 72% in market value over the last 30 days, currently reaching about $193 billion. In July, XRP’s price jumped 35% compared to Bitcoin, while Ethereum rose more than 25% against Bitcoin in the same period.
Recent trading activity reflects a trend where investors rotate funds from Bitcoin into altcoins such as XRP and Ethereum. The two altcoins now make up roughly 16% of the total cryptocurrency market. In the past 24 hours, while Bitcoin moved between gains and losses, Ether and XRP each increased by more than 8%. Analysts believe that if this momentum continues, XRP could rise to $4, increasing its market cap past $200 billion.
Technical analysis points to a pattern similar to late 2024, when XRP reached overbought levels on the relative strength index, a common momentum indicator. That previous rally drove XRP’s market cap to approximately $195 billion by early 2025.
Currently, XRP has broken out of a downward price pattern known as a “descending triangle,” with rising trading volume and positive momentum. If this pattern continues, projections suggest the market cap could reach $212 billion in August. Further gains could push XRP’s value to the 1.618 Fibonacci extension level, estimated at about $258 billion by the end of the year.
This article does not contain investment advice, and all trading decisions carry risk. Readers are encouraged to conduct their own research before making financial decisions. For additional insights, see analysis from Peter Brandt.
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