Ripple's XRP cryptocurrency has captured attention again by reaching a market capitalization of $162 billion, surpassing BlackRock. This achievement places XRP above well-known brands like Coca-Cola and Disney.
XRP Growth Amid Crypto Rally
As the cryptocurrency market anticipates Trump's inauguration on January 20, 2025, the increased interest has positively impacted XRP's value, reaching $2.8 for the first time since December 24. In just one day, the asset's price grew by 9%, with weekly and monthly gains of 21.54%.
XRP Price Dynamics
Wallets holding between 1 million and 10 million XRP have substantially increased their positions over the past two months, purchasing over 37%. Analysts highlight a bullish pattern in XRP's price trends, supported by consistent higher highs and lower lows. However, the asset faces resistance between $2 and $3, with experts emphasizing the need to break the $3 mark to confirm a sustained bullish trend.
Ripple's Growth Potential
Crypto market expert Bobby A noted that XRP's dominance (XRP.D) is approaching 14% in the broader cryptocurrency market. With the total crypto market cap currently at $3.3 trillion, this dominance could elevate XRP's price above $7.80. However, breaking through existing price resistance levels is necessary for this growth.
Despite XRP surpassing it in market capitalization, BlackRock remains committed to expanding its digital asset portfolio, underscoring Bitcoin's appeal as a decentralized asset. The early stage of institutional cryptocurrency adoption highlights potential for further growth.
