XRP has overtaken the market capitalizations of Shopify, Verizon, and Citigroup, positioning itself as a top-tier global asset. According to Companies Market Cap, XRP now holds more value than Shopify’s e-commerce empire, Verizon’s telecom network serving over 140 million users, and Citigroup’s vast financial holdings. This milestone reflects growing investor confidence and signals XRP’s expanding influence in the financial world.
Strong Weekly Performance Fuels Optimism
The altcoin recently posted a 12 percent weekly gain, pushing its price above $3.10 for the first time in weeks. Analysts view this rise as part of a broader digital asset recovery. XRP CRO highlighted a developing bull flag pattern, suggesting a breakout could be imminent. Price targets of $6, $13, and $23 have been floated if XRP can breach the $3.60 resistance level, sparking excitement among traders.
Ripple ETF Speculation Adds Momentum
A major catalyst behind XRP’s rally is speculation surrounding the launch of a Ripple ETF in the United States. Bloomberg analyst James Seyffart indicated that REX-Osprey’s XRP ETF may debut next week. Although the launch was initially expected this week, delays have only intensified anticipation. The ETF could bring institutional exposure and further boost XRP’s valuation.
Analysts Highlight Key Price Levels and Patterns
Crypto analyst Dark Defender noted that XRP is breaking through weekly resistance, with Fibonacci targets at $4.39 and $5.85. Support levels to monitor include $3.01 and $2.85. Egrag Crypto pointed to a symmetrical triangle pattern, indicating equal chances of upward or downward movement. He emphasized the importance of a bullish candle close above $3.07 in the next two days to confirm momentum. If sustained, XRP could rally to $4.20, marking a new all-time high.
Frequently Asked Questions (FAQs)
- What is driving XRP’s recent price surge?
Speculation around a Ripple ETF and strong technical patterns are fueling investor optimism.
- Is XRP outperforming traditional companies?
Yes, XRP now holds a higher market cap than Shopify, Verizon, and Citigroup.
- What are the key price targets for XRP?
Analysts are watching $4.39, $5.85, and potentially $6 as near-term targets.
