TL;DR
- XRP jumps to $3.22 as fresh capital pushes its market cap to $190.95 billion.
- Over the last 24 hours, the token climbed 8.55% with daily volume soaring 108% to $14.19 billion, fueling hopes of a new all-time high.
- Large investors keep accumulating aggressively, setting the stage for further upside in the coming weeks if bullish momentum continues to strengthen and buyers remain firmly in control of price action.
XRP is extending its lead among top altcoins with another sharp move higher. Trading at $3.22 on Thursday, the token has gained over 33% in the past seven days and is now within striking distance of levels last seen in January. It’s not just price momentum that stands out: daily trading volume surged 108% to reach $14.19 billion, showing strong conviction and fresh liquidity flowing into the asset without signs of slowing.
Whale Activity Signals Strong Support
Blockchain data confirms that XRP whales have ramped up accumulation. Wallets holding between 100 million and 1 billion XRP added over 2.2 billion tokens in just two weeks, representing more than $7.1 billion at current prices. According to analyst Ali Martinez, this wave of buying intensified once XRP crossed above $2.95, a key level that paved the way for this current breakout to expand further.
Right now, XRP sits just 1% below its yearly high of $3.29. A decisive move above this mark could clear the path toward the psychological $3.50 area and even revive the push to challenge its all-time high from 2018 at $3.84. The XRP/BTC pair has also surged over 35% so far in July, while Bitcoin shows signs of cooling off after its own record peaks and short-term rallies.
Market Structure Shows Bullish Divergence
Technically, XRP’s rally is backed by rising dominance across the broader crypto market. Its share of total crypto market capitalization is climbing alongside price, an uncommon sign of strength for a large-cap token without clear institutional catalysts. Historical fractals and Fibonacci projections point to a potential market cap above $250 billion if this momentum holds firm and buyer interest remains elevated.
Top altcoins like Ether have also outperformed Bitcoin recently, gaining over 25% against BTC in July alone. This shift supports traders rotating capital out of Bitcoin and into assets with stronger short-term upside. For XRP, that rotation is proving powerful, with analysts widely expecting a clear break above the $200 billion mark in market cap soon, and possibly new price records before summer ends if these bullish forces keep driving prices forward.
