XRP Price Surges 17% as Market Cap Crosses $200B for the First Time; Price Hits A New-All-Time High

The XRP price has soared 17% in the last 24 hours, to trade at $3.62, on a 135% pump in the daily trading volume, to $21.68 billion.

XRP Price Surges as Market Cap Crosses $200 Billion

The latest XRP price move comes as a broad wave of renewed interest across digital assets, but XRP’s gains have stood out even in the volatile crypto landscape.

The token’s market capitalization hit $212 billion during Thursday’s Asia trading session, as traders celebrated it crossing the $200 billion mark and pushing toward a new high.

The sharp rise in XRP price and market size is due to large investors and institutions buying more XRP, as indicated by significant transfers on the blockchain and an increase in XRP held on major cryptocurrency exchanges.

Large transfers and growing exchange holdings also show rising demand, while a U.S. court ruling that XRP isn’t a security has made investors feel more secure.

There’s a growing use of XRP for sending money between countries, especially in Asia and Latin America, which are using XRP on RippleNet for cross-border transfers and remittances.

XRP Price Approaches All-Time High

With this impressive rally, XRP price now trades within just 10% of its all-time high. The break above $3.20 is a key catalyst, clearing now-weak resistance and opening the door for a rapid move toward the $3.80–$4.00 region, which represents all-time high territory.

XRP is currently trading around $3.60 on the daily chart, trending strongly above both its 50-day and 200-day Simple Moving Averages (SMAs), at 2.33 and 2.39, respectively, and displaying a clear parabolic curve.

XRPUSDT Analysis Source: Tradingview

Immediate supports lie at the $3.01–$3.26 range; a further drop could target support around $2.85, a previous consolidation zone. The next major resistance is at $3.66 (near all-time highs), followed by the $3.70–$4.00 region. A close above 3.70 could accelerate a move toward $4.50 and new highs.

Momentum signals are upward. The MACD shows strong upward pressure, with the MACD line at 0.7143 and the signal line at 0.1170, and the histogram peaking, hinting that momentum is building. Moreover, the Average Directional Index (ADX) at 43.43 supports the indication that the current uptrend is powerful.

Overbought indicators, such as the Relative Strength Index (RSI) at 89.58, suggest the pace of gains may moderate in the short term, but underlying technical and fundamental factors keep the bias upward. 

Should XRP decisively close above the $3.75 mark on strong trading volume, momentum could propel the asset to uncharted price levels, especially if overall sentiment in the crypto market remains bullish.