XRP MARKET CAP SURPASSES $190 BILLION FOR THE FIRST TIME !
XRP's market capitalization has indeed surpassed $190 billion for the first time, reaching a new milestone of $193.19 billion. This surge is driven by several factors :
- increased Investor Confidence: Whale accumulation and growing institutional interest have contributed to the rise in XRP's market cap.
- Technical Breakout: XRP's price has broken out of a double-bottom chart pattern, confirming a bullish structure and potentially paving the way for further gains.
- Network Growth: The number of XRP wallet addresses has surpassed 7.19 million, indicating broad network growth and increased retail participation.
- Bullish Sentiment: Analysts predict XRP could reach new all-time highs, with some forecasting prices above $3.40 or even $5 and beyond.
Key Statistics:
- Current Market Cap: $193.19 billion
-Current Price: $3.27
-24-hour Trading Volume: $12.5 billion (up 78.15% )
All-time High Wallet Addresses: 7.19 million+
Market Outlook:
- Potential Resistance Levels: $3.5505 (2018 ATH), $3.79 billion in total volume with XRP accounting for 20.18%
- Support Levels: $2.6 (critical support), 50-day EMA nearby
- RSI: 79.71 (overbought, but still bullish in trending markets)
The surge in XRP's market cap is a significant development, reflecting growing investor confidence and institutional interest in the cryptocurrency .#BinanceHODLerERA #AltcoinSeasonLoading #USCryptoWeek #xrp #TradingStrategyMistakes $XRP