XRP Bulls Ignite Surge as Market Cap Tops $150B

XRP has reclaimed the spotlight in the crypto world as a powerful rally propelled its market capitalization back above $150 billion, signaling renewed confidence from both retail and institutional investors.

The digital asset soared to $2.60, reaching its highest value in eight weeks, a level last seen in mid-May 2025. This upward movement aligns with broader bullish momentum sweeping across the cryptocurrency space, particularly after Bitcoin recently hit fresh all-time highs. XRP’s latest upswing represents a more than 7% gain in 24 hours, rekindling interest and optimism in the asset’s future trajectory.

According to CoinMarketCap data, XRP’s market valuation now stands at $153.89 billion. The last time the cryptocurrency flirted with similar valuations was during its short-lived climb in May 2025, which temporarily placed XRP among the top three cryptocurrencies by market cap.

This latest leap in valuation isn’t happening in a vacuum. A surge in market enthusiasm was partly fueled by recent developments surrounding Ripple’s RLUSD stablecoin. Ripple announced that BNY Mellon would serve as the primary custodian of RLUSD, bolstering trust and enhancing XRPL’s institutional credibility. RLUSD also passed a significant benchmark with over $500 million in market capitalization, fortifying optimism surrounding the broader XRPLedger ecosystem.

Bolstered by these developments, on-chain analytics have revealed substantial whale activity. Notably, there is a growing number of wallets holding more than one million XRP, highlighting increased participation from large-scale investors. As of the latest data, wallets with over one million XRP now collectively hold 47.32 billion XRP, a strong sign of accumulation and institutional interest.

XRP has now seen gains for four consecutive days since July 7. It also managed to break past technical resistance levels, particularly the 50-day and 200-day simple moving averages, which were previously acting as ceilings at $2.227 and $2.365, respectively. Clearing these hurdles reflects growing bullish strength behind the uptrend.

The cryptocurrency is currently holding firm near its immediate support at $2.53. Analysts have noted a successful breakout from a descending wedge pattern that had been forming over multiple weeks. This pattern, known for predicting major market swings, has the market eyeing the $3 mark as the next psychological and technical milestone.

If the bullish momentum extends further, market experts believe XRP could even test the $4 level under optimal conditions. However, such a surge would likely require sustained investor interest and continued positive market sentiment.

Overall, XRP’s swift ascent highlights the growing narrative of resurgence in utility-based cryptocurrencies. The broader investor appetite, coupled with Ripple’s strategic initiatives like RLUSD adoption and institutional partnerships, suggests that XRP may be entering a new phase in its growth cycle.

Related: XRP Price: $12M Max Pain for Bears

With whales accumulating, key resistance levels breached, and market sentiment tilting bullish, XRP appears well-positioned to maintain its upward trajectory — provided current trends hold steady.