XRP News Today: XRP Market Cap Surges 71.75% in 30 Days, Nears $200 Billion

XRP, a cryptocurrency that has long been overshadowed by legal battles and price stagnation, is now on the verge of surpassing $200 billion in market capitalization. This significant milestone comes at a time when the broader crypto market is experiencing a shift, with Bitcoin's dominance waning and altcoins gaining traction. The resurgence of XRP raises questions about a potential new cycle in the crypto market, one that could be dominated by altcoins rather than Bitcoin.

XRP's recent performance is particularly noteworthy. Over the past 30 days, its market capitalization has surged by 71.75%, reaching $193.1 billion. This places XRP just $2.2 billion away from its all-time high, which was set six months ago. The surge is driven by several technical indicators, including the break of a months-long descending triangle, a marked increase in the Relative Strength Index (RSI), and a market fractal similar to late 2024, when capitalization tripled in a few weeks. Analysts have set a short-term capitalization target of $212 billion, with a more ambitious goal of $258 billion, corresponding to the Fibonacci 1.618 extension.

Beyond technical signals, XRP's trajectory fits into a broader phenomenon known as "altseason." This cyclical phase sees investors rebalancing their portfolios, shifting away from Bitcoin to high-potential altcoins. XRP and Ether together represent about 16% of the total crypto market capitalization and have gained over 35% and 25% against Bitcoin since early July, respectively. This dynamic reflects a rotation of capital, with investors seeking new performance drivers as they anticipate the end of the Bitcoin cycle.

XRP, often seen as a dormant institutional asset, is now drawing significant attention due to its high liquidity, massive capitalization, and exploitable volatility history. This temporary inverse correlation with Bitcoin provides an arbitrage lever for responsive crypto asset managers. If XRP's momentum holds beyond the summer, it could reshuffle the crypto hierarchy, strengthening its legitimacy in a landscape dominated by Bitcoin and Ethereum. However, this scenario will depend on the market's ability to sustain a durable rotation towards altcoins without a sharp reversal of sentiment.