XRP surged above $3, entering the top 100 global assets due to positive legal and macroeconomic developments.
XRP Ranks 99th
Data from CompaniesMarketCap shows that XRP currently ranks as the 99th largest asset in the world, with a market capitalization of around $180 billion. This positions the token just above CATL and just below Deutsche Telekom and Pinduoduo.
Technical Analysis and Resistance
Analysts noted that XRP faces resistance at the $3.21 level, which has not been seen in several years. Crypto analyst CasiTrades indicated that momentum is strong, and this barrier could give way quickly. She also mentioned a potential short pause before the next advance.
Forecasts and Long-term Factors
Market commentators pointed to several significant factors that may impact XRP's price. Crypto analyst Altcoin Gordon noted that the XRP/BTC pair is close to breaking an eight-year downtrend. Proposals for spot XRP exchange-traded funds are also under discussion, which may attract additional liquidity.
As of now, XRP remains above the $3 mark and regains entry into the world's top 100 assets, signaling a potential for continued growth in 2025.
