XRP News Today: XRP Market Cap Fluctuates $4.11 Billion in 24 Hours

XRP, a prominent cryptocurrency, has recently experienced significant market turbulence, with its market capitalization fluctuating by approximately $4.11 billion within a 24-hour period. The market cap initially stood at around $137.5 billion but dropped to $133.39 billion before rebounding to approximately $135.86 billion. This volatility has raised concerns among traders and analysts about the cryptocurrency's ability to maintain its value above the $2 mark.

Despite the recent fluctuations, XRP's price remains above key technical support levels. The 50-day simple moving average (SMA) is at $2.26, and the 200-day SMA is at $1.91. These levels are crucial indicators of the asset's longer-term momentum, and XRP's resilience above them suggests underlying bullish potential. However, analysts warn that a sustained drop below $2.26 could expose XRP to further downside risk, potentially testing the $2 threshold and, in a more severe retreat, revisiting the $1.91 support.

Looking ahead, insights from OpenAI’s ChatGPT suggest a bifurcated scenario for XRP. If capital outflows continue, the price could hover between $2.20 and $2.25 in the coming days. Conversely, if inflows resume and buyer momentum strengthens, XRP may stage a short-term rally, targeting the $2.35–$2.40 range. ChatGPT also highlighted that if bearish sentiment remains dominant, XRP may struggle to decisively break above the $2 zone over the next one to two weeks. On the flip side, if optimism returns to the market, the token has room to push toward the $2.50 mark, rekindling bullish hopes.

While the short-term outlook is mixed, long-term analysts remain optimistic. Cryptocurrency analyst Brett recently noted a major technical breakout for XRP, which has escaped a seven-year descending triangle pattern that has constrained the token since mid-2018. This breakout signals potential for significant upside, with Brett setting a price target of $4.43. Strong momentum indicators, including the Weighted Moving Average (WMA), have provided firm support during XRP’s ascent, and the breakout has been accompanied by a rise in trading volume, adding credibility to the case for continued upward movement.

However, not all indicators point in the same direction. Recent data reveals a sharp plunge in XRP’s on-chain activity, with the number of new accounts being created plummeting by 95% since peaking in early December 2024. This decline in network growth raises questions about the sustainability of the rally, as weakening user activity could eventually weigh on market enthusiasm.

The past 24 hours have been a rollercoaster for XRP, with $4 billion exiting the market and price action hovering precariously above critical levels. While short-term predictions remain mixed—dependent largely on whether capital flows reverse or bearish sentiment lingers—the longer-term picture has brightened following the breakout from a multiyear technical pattern. For XRP holders and market watchers, the coming days will be crucial. Whether the cryptocurrency can hold its ground above $2, reclaim momentum, and continue pushing toward ambitious targets like $4.43 will hinge on a delicate balance of technical resilience, market sentiment, and fundamental activity. As always in the world of crypto, volatility is the only certainty.