XRP's market capitalization exceeded $117 billion at the time of writing, attracting the attention of analysts and investors.
It is now one of the best performing cryptocurrencies as it has gained over 47% in the last 7 days, crossing the $2 mark.
XRP has already overtaken Binance Coin (BNB) to become the fifth largest cryptocurrency, and on December 1, it overtook Solana, taking the position of the 4th largest cryptocurrency by market capitalization.
Other market observers share a rather optimistic view. Analyst “Egrag Crypto” predicts that XRP could reach $20-$27 if it repeats its 2017 bull run when it reached its all-time high (ATH) at $3.8.
XRP’s recent performance and its market capitalization of $117 billion mark a key milestone for the cryptocurrency. With targets ranging from $5 to $18 and growing investor confidence, it may be poised for a historic breakout.
The coming weeks will be crucial as XRP works to maintain its momentum and chase new all-time highs, attracting significant attention from the market.
Coinbase has recently added the Doginme (DOGINME) memecoin to its asset roadmap, hinting at a possible future listing on the exchange.
Crypto analyst Benjamin Cowen believes Ethereum (ETH) faces a period of hardship before it can recover.
Solana’s latest governance votes have reshaped the network’s economic model, with mixed results for SOL holders.
Institutional demand for XRP ETFs is rising, with BlackRock expected to file soon, following Franklin Templeton’s recent application.