XRP added roughly $8 billion in market value within 24 hours, sending speculators buzzing about another “moon” run even as technicals and sentiment suggest caution.
Key Takeaways:
- XRP’s market cap climbed from ~$170.8 billion to ~$178.8 billion, a 4.7% jump.
- The token trades near $2.98, up ~1.96% in the last 24 hours.
- The RSI sits around 61, showing moderately bullish momentum while resistance looms near $3.10–$3.20.
Earlier today, Finbold reported that XRP’s market capitalization surged by $8 billion within 24 hours, growing from $170.8 billion to $178.8 billion according to CoinMarketCap’s XRP daily market cap chart. Price-wise, that corresponded with a nearly 3% advance. The “XRP to the moon?” chatter quickly followed, but whether this marks the start of a broader rally remains uncertain.
XRP price sits around $2.98, marking a 5.51% gain over the past week. Source: CoinMarketCap
This is not the first sudden inflow for the token. Just days ago, XRP saw more than $6.7 billion in added value overnight, a trend reinforced by whale activity. On-chain data shows that large holders scooped up more than 120 million XRP in recent sessions. At the same time, futures volume jumped more than 200% to around $12.4 billion, surpassing that of Solana, which is an evidence that traders are aggressively positioning for short-term moves.
Meanwhile, analyst Ali Martinez wrote on X (formerly Twitter) and highlighted whale accumulation of 250 million XRP over a 48-hour period, which strongly suggests institutional-sized capital is powering the rally/shift.
XRP Price Climb Amid Bullish Indicators
As of this writing (1-:45AM UTC), TradingView shows XRP trades at approximately $2.98, gaining 1.96% over the past 24 hours. Intraday highs were seen near $2.99 while lows were at around $2.92 as per CoinGecko.
The Relative Strength Index (RSI) sits at 61.16, signaling continued bullish momentum but not yet tipping into overbought conditions. Other indicators add to the positive sentiment.
Analysts Split on XRP’s Next Moves
Market watchers are divided over how sustainable XRP’s latest rally is. NewsBTC reported that XRP’s bullish RSI and strong support zones could allow the token to test higher ranges, potentially targeting $3.60 in the short term. Similarly, TradingNews argued that if bulls defend the $3.05 level, XRP might even climb toward $4.50 in medium-term scenarios.
Meanwhile, Finbold recently raised the possibility of a massive capitulation should sentiment sour, noting that the pace of inflows and futures activity could expose XRP to sudden reversals. High trading volumes suggest heightened volatility ahead, particularly if whale activity begins to shift from accumulation to profit-taking.
Outlook: XRP Faces Key Resistance in the Short Term
XRP’s latest $8 billion surge underscores its ability to capture market attention, and momentum currently leans bullish. The focus now turns to whether the token can break decisively through the $3.10 resistance zone and sustain gains.
Short-term upside remains possible if whales continue accumulating and futures demand holds. However, with technical resistance looming and risks of overextension rising, traders and investors may see sharp swings ahead. Macro events and regulatory news also remain critical variables that could sway XRP’s trajectory in either direction.
Summary
XRP’s market cap jumped ~$8B in a day as price hovered near $2.98 and RSI around 61. While sentiment leans bullish, a clean break over $3.10–$3.20 is needed to confirm upside; elevated futures activity and whale flows could amplify volatility.
