XRP, the third-largest cryptocurrency by market capitalization, has shown impressive growth over the past year, significantly outperforming other major cryptocurrencies.
Annual XRP Performance
According to WisdomTree's July report, XRP rose by 384% over the year, surpassing the performance of other major cryptocurrencies. Currently, the asset is trading around $3.20 after breaking out from multi-year consolidation patterns. XRP's market capitalization stands at $190 billion, placing it third behind Bitcoin and Ethereum. It has seen a 35% gain over the last month and a 38% increase over the quarter.
Price Target Analysis
Analyst Egrag Crypto indicated a potential breakout of XRP from a long-term triangle formation, suggesting a possible 777% rally towards $28.16. It is expected that the next peak of the cycle will arrive around September 2025. Another analyst, Ali Charts, noted a bullish flag breakout on the weekly chart, with a target of $11.20. Current Fibonacci extension levels show key resistances at $5.75 and $11.20.
Market Activity and Regions
Upbit, South Korea's largest exchange, reported $1.09 billion in XRP trading volume within 24 hours, accounting for 40% of local crypto trades. XRP/KRW pairs made up nearly 19% of the platform's total volume, reflecting growing retail participation in the Korean market. Derivatives data indicates a volume of $9.26 billion, with options volume increasing by 19.85%.
XRP is demonstrating steady growth and significant market activity. Analysts' forecasts regarding price targets and observed trading activity in Korea highlight its potential and significance in the crypto industry.
