Key takeout:
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XRP is nearing a market cap of $200 billion for the first time.
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In July, XRP’s price surged by 35% compared to Bitcoin.
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If the current trend continues, XRP’s market cap could exceed $250 billion.
XRP (XRP), for the first time, is on track to surpass a $200 billion market capitalization as Bitcoin (BTC) shows signs of stabilizing just days after hitting a new record.
XRP Soared 35% Against Bitcoin in July
Over the last 30 days, XRP’s market cap has jumped by 71.75%, reaching about $193.1 billion on Thursday—just $2.18 billion shy of its six-month peak.
This boost in market cap has also resulted in a significant rise in XRP’s price relative to Bitcoin.
During July, the XRP/BTC trading pairs surged more than 35%. Ether (ETH), which is the second-largest cryptocurrency, also saw a rise, increasing over 25% against Bitcoin in the same timeframe.
Collectively, these leading altcoins represent around 16% of the overall crypto market.
The recent gains combined with Bitcoin’s performance contribute to the ongoing narrative of “Altseason,” a period where traders move capital from Bitcoin into altcoins for potentially higher returns.
Over the past day, Bitcoin has experienced some fluctuations, but both Ether and XRP have seen increases of over 8%, signaling a potential shift toward leading altcoins.
Several analysts suggest that XRP could continue to climb, potentially reaching $4 soon, fueled by increased whale activity and other promising technical indicators.
XRP’s positive outlook may push its market cap significantly beyond the $200 billion mark when considered both in USD and BTC terms.
XRP Fractals Indicate a $250 Billion Target
Recent breakouts for XRP appear reminiscent of patterns seen in late 2024. During that time, XRP’s Relative Strength Index (RSI) entered and remained in a rising trajectory for several weeks.
This led to a spike in market cap of over 200%, reaching around $195 billion at the start of 2025.
Current price movements mirror those earlier trends. XRP is currently situated within descending triangles spanning multiple months, bolstered by indicators of increasing volume and momentum.
If this pattern continues, we might see an upward target of approximately $212 billion by August.
Should XRP successfully breach the $212 billion mark, it could pave the way for a Fibonacci expansion target of about $258 billion, representing a 33% increase from current levels by the year’s end.
This article does not provide investment advice. All trading strategies carry risks, and readers should conduct their own research before making financial decisions.
