XRP has achieved a significant milestone, surpassing a $100 billion market cap** for the first time since 2018. With a **238% surge** in the last 30 days, the token demonstrates renewed bullish momentum. As prices approach **$2, analysts speculate whether XRP can break this key resistance and replicate its historic 2017 rally.
Key Highlights of XRP’s Resurgence
- Market Cap: $108.69 billion (first time exceeding $100 billion since January 2018).
Price Performance:
- 24-hour rise: 3.76%
- 7-day rise: 19.09%
- 30-day surge: 238%
- Ranking: 5th largest cryptocurrency by market cap.
- Circulating Supply: 57.05 billion XRP.
Technical Indicators Suggest Continued Growth
- Monthly breakout candlestick mirrors the 2017 pattern that preceded a 273.5% bull run.
- Current breakout strength (271.46%) hints at potential repetition of past explosive performance.
- Traders interpret this as a bullish sentiment shift, fueling optimism for further upside.
👉 Explore real-time XRP price trends
XRP Inflows Surge in November, Driving Price Near $2
Market Dynamics: From Outflows to Inflows
- Early 2024: Modest net outflows indicated selling pressure > buying interest, stabilizing prices.
- April–July: Prolonged outflows suppressed upward momentum.
- Late October: Inflows surged, correlating with XRP’s climb from $1 to nearly $2.
- Mid-November: Peak inflows accelerated price growth, reigniting market confidence.
Key Observations
- Investor Confidence: Record inflows in November reflected heightened optimism.
- Profit-Taking: Late-November outflows near $2 resistance signaled short-term volatility.
FAQ Section
1. Why did XRP’s market cap surge past $100 billion?
Increased adoption, technical bullishness, and investor sentiment shifted favorably, driving demand.
2. Can XRP replicate its 2017 rally?
Historical patterns and current breakout strength suggest potential, but market conditions vary.
3. What’s next for XRP’s price?
Breaking $2 resistance could pave the way for further gains, though profit-taking may cause temporary dips.
👉 Stay updated on XRP’s latest developments
Conclusion
XRP’s $100 billion milestone and bullish technicals position it as a top contender in the crypto market. While challenges like resistance levels persist, the token’s strong recovery and growing adoption underscore its potential for long-term growth.
Disclaimer: This content is for informational purposes only and not financial advice. Cryptocurrency investments carry risks.
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