XRP News Today: XRP Surges 500% to $3.65, Market Cap Surpasses McDonald’s, American Express

Ripple’s XRP has surged to unprecedented heights, briefly surpassing the market capitalizations of global titans such as McDonald’s and American Express. The token’s meteoric rise has pushed its value past $215 billion, a figure achieved after a 500% rally since July 2024. XRP reached an all-time high of $3.65, marking a dramatic shift in the cryptocurrency landscape and capturing renewed investor attention. Despite recent price fluctuations, the asset’s ascent underscores a significant realignment in how digital assets are perceived relative to traditional equities.

Following its record-breaking surge, XRP faced immediate resistance at $3.65, a level analysts view as critical for sustaining momentum. The price dipped to $3.46 within 24 hours, though it found support at $3.43, which held firm amid a 7.15% increase in trading volume. This uptick in activity suggests active market participation, with both profit-taking and fresh buying pressure contributing to the volatility. The token’s intraday movements highlighted a tug-of-war between buyers and sellers, with $3.55 emerging as a temporary equilibrium point during the session.

Technical indicators signal caution after the parabolic growth. The MACD line crossing below the signal line indicates waning bullish momentum, even as the indicator remains slightly positive. Meanwhile, the Relative Strength Index (RSI) hit 78.69, entering the overbought territory often associated with short-term corrections. These metrics suggest that while XRP’s fundamentals remain robust, its current price level may not be sustainable without a significant shift in market sentiment or broader adoption.

Market analysts have noted that XRP’s ability to maintain its newfound stature will depend on its performance against key resistance levels. The $3.65 threshold, if repeatedly tested, could either act as a catalyst for further gains or trigger a consolidation phase. Similarly, the $3.43 support level will be crucial in determining whether the token can stabilize or face further downward pressure. Investors are closely monitoring these dynamics, as they could influence broader risk appetite for altcoins in the coming months.

The surge in XRP’s value has also reignited debates about the growing influence of digital assets in global financial markets. By briefly outpacing the market caps of well-established corporations, XRP has demonstrated that cryptocurrencies can command valuations rivaling those of blue-chip stocks. However, this development also raises questions about valuation models and the metrics used to assess digital assets versus traditional equities. Regulators and institutional investors are likely to scrutinize these trends more closely, particularly as market dynamics continue to evolve.

While the immediate outlook for XRP appears cautiously optimistic, the broader market remains in flux. The interplay between technical indicators, trading volume, and price action suggests that the token is in a transitional phase. Investors are advised to monitor key levels and broader macroeconomic signals, as the cryptocurrency’s trajectory will depend on both internal market forces and external factors such as regulatory developments and macroeconomic trends. For now, XRP’s historic surge stands as a testament to the transformative potential—and volatility—of the crypto space.