XRP demonstrates significant growth, reaching a market capitalization of $215.5 billion. It is expected to continue its path towards the $6 mark.
XRP Breakout Above $3.60 and Target of $6
XRP has broken out of a multi-month symmetrical triangle, signaling a potential price target of $6. According to recent data, XRP was trading around $3.60, gaining over 65% in the last week.
XRP's Market Capitalization Surpasses McDonald's
XRP's market capitalization reached $215.5 billion, making it the 83rd largest asset globally, surpassing McDonald's. This event occurred amidst a rise in altcoin dominance and a decline in Bitcoin's market share.
Institutional Inflows Support XRP's Rise
Last week, XRP significantly boosted its institutional inflows, recording $36 million in inflows. Total digital asset inflows reached a record $4.39 billion.
With increasing market capitalization and institutional inflows, XRP strengthens its position in the market and is viewed as a leader in the current altseason.
