Key Insights
- XRP surpasses Shopify, Verizon, and Citigroup in market value, signaling strong market confidence and growing institutional attention.
- Speculation around a U.S.-based XRP ETF has intensified, contributing to the token’s 12% weekly surge and high trading volumes.
- Analysts highlight bullish technical patterns with short-term targets ranging from $4.20 to $23 if resistance levels are broken.
According to the latest data from Companies Market Cap, XRP now holds a higher market value than these industry giants. Shopify supports millions of online businesses, Verizon serves over 140 million mobile customers, and Citigroup manages trillions in global financial assets. Despite these large operational scales, XRP’s recent valuation rise places it ahead of these companies in market rankings.
XRP’s rally brought its price above $3.10, a level not seen in recent weeks. The asset’s strong upward momentum is viewed by market analysts as a reflection of the broader recovery within digital assets. Analyst XRP CRO highlighted the development of a weekly bull flag pattern, pointing to potential price targets of $6, $13, and $23 if XRP can break through the critical resistance level at $3.60. This technical formation has added to the optimism surrounding the asset’s short-term potential.
ETF Speculation Boosts Market Sentiment
A key catalyst in the recent rally is growing speculation around a potential Ripple ETF in the United States. Bloomberg analyst James Seyffart indicated that the REX-Osprey XRP ETF is likely to be launched next week. Although the launch was initially expected this week, delays have shifted the expected timeline.
This speculation continues to drive investor interest and market participation, contributing to heightened trading volumes and price support.
Technical Indicators Suggest Continued Upside Potential
Crypto analyst Dark Defender pointed out that XRP has broken past its initial weekly resistance. He identified key price targets at the $4.39 and $5.85 Fibonacci levels. The current support levels are situated at $3.01 and $2.85, providing a buffer zone for potential price retracements.
Egrag Crypto, another prominent market watcher, noted that XRP is exhibiting a symmetrical triangle breakout pattern. He emphasized the importance of confirming a bullish candle close above $3.07 within the next two days to maintain the current uptrend.
His chart analysis suggested a price target of $4.20 if the bullish momentum sustains, which would mark a new all-time high for the token.
