XRP has achieved a significant market milestone by surpassing its previous all-time high price. This move signifies its transition into what analysts identify as Phase 4 of its market cycle, characterized by accelerated growth and renewed investor confidence.
Breaking out of a multi-year consolidation phase that spanned from 2018 to 2024, XRP is now exhibiting strong technical momentum. Key technical analysis points to the 6.618 Fibonacci extension level projecting a medium-term price target of $21.5.
Supporting this upward trajectory are robust market fundamentals. XRP’s current market capitalization stands at approximately $208.68 billion, with its fully diluted valuation nearing $349.49 billion. Trading activity reflects significant enthusiasm, with volume surging 63.03% to reach $23.01 billion.
Analysts highlight the growing dominance of XRP, evidenced by its market capitalization exceeding $190 billion. This substantial valuation underscores strong on-chain fundamentals and sustained market momentum driving the asset’s rally into its next cycle phase.