XRP Surges 3%, Breaks Resistance, Eyes $4.39 Target

XRP's latest price was $, in the last 24 hours. The cryptocurrency has recently broken through its weekly resistance, with analysts setting Fibonacci targets at $4.39 and $5.85 for the current cycle. The cryptocurrency has strong supports at $3.01 and $2.85, which provide stability as it continues its bullish Elliott Wave structure. The futures open interest has risen, and the SEC's delays in ETF decisions have kept October deadlines in focus for traders.

XRP has entered a strong technical phase, with Fibonacci extensions projecting upside targets at $4.39 and $5.85. The supports at $3.01 and $2.85 remain clear, and the market has initiated an impulsive wave (1) upward, followed by a corrective wave (2), which stabilized above the green Kumo cloud. This structure keeps XRP in alignment with a bullish Elliott Wave cycle. The price action remains above the cloud, confirming that XRP is supported by its broader trend. Analysts noted that $3.01 and $2.85 continue to serve as strong support levels.

XRP has risen quickly after breaking through the convergence level, with short-term upside projections reaching $4.45. Depending on market momentum, this move could extend toward $4.75, keeping traders focused on Fibonacci checkpoints as guiding markers. The broader market context is shaping XRP’s momentum, with a 3% increase in futures open interest signaling higher activity among derivatives traders. ETF developments also continue to attract attention, with the SEC delaying decisions on several XRP ETF applications, including Grayscale and 21Shares. October deadlines now converge, creating anticipation for group approvals. Analysts noted that similar launches in Ethereum ETFs initially saw muted inflows before steady growth built over time. With XRP maintaining structure above $3.00 and breaking resistance, technical targets at $4.39 and $5.85 remain active in the current cycle.

XRP has seen a significant rise in market capitalization, overtaking major firms like Shopify, Verizon, and Citigroup. This surge marks a notable milestone, reflecting increased market interest and potential for further growth. Ripple Labs, Inc., the entity behind XRP, is led by notable figures, yet none have publicly commented on this market milestone. XRP's price and market cap rise suggest potential impacts across related industries and markets. Trading volume has surged, signaling heightened trader interest and confidence, with derivatives data supporting prospects of upward trends. The move also adds to investor sentiment and highlights XRP's influence. This event could potentially affect financial and technological sectors, as XRP's growing value may drive interest in blockchain technologies or influence investment strategies. Historical trends suggest possible leverage in developing related DeFi protocols, backed by XRP's ecosystem. Such trends might encourage further examination by industry stakeholders, including regulators and financial bodies. Citing current market data, the cryptocurrency ecosystem continues to watch closely as XRP's trajectory unfolds amid robust trading activity and investor speculation.

XRP has carved out a new milestone in its journey toward mainstream finance, reentering the list of the 92 most valuable assets worldwide by market capitalization. The token has been on a meteoric tear in recent weeks amid a broader crypto market rally, propelled by converging macroeconomic and market forces that are driving investors into riskier assets. With a market valuation, XRP has outpaced American banking behemoth Citigroup, whose market capitalization currently stands around $183 billion, and Canadian multinational e-commerce company Shopify, whose market cap hovers at $185.9 billion. XRP’s recent strong price action comes on the back of regulatory clarity in Europe. Ripple recently announced an expanded partnership with Spanish bank BBVA, enabling digital asset custody and settlement solutions under EU MiCA compliance standards. This new partnership fueled optimism that traditional banks might deepen adoption of blockchain settlement. Spot exchange-traded fund (ETF) speculation continues in the United States. The Securities and Exchange Commission has yet to greenlight a spot XRP ETF, though futures-based funds are already live on the US market. Six asset managers, including Grayscale, Franklin Templeton, and Bitwise, have submitted paperwork to the U.S. regulator for spot XRP ETFs, with decisions expected in October. Ripple’s recent legal settlement with the SEC has improved regulatory clarity, boosting industry estimates to a 90% likelihood of ETF approval before the end of the year.

XRP has reached another major milestone, climbing to the 94th spot in global asset rankings and briefly surpassing the market valuations of both Citigroup and Xiaomi. The development was first highlighted by market commentator in a recent X post, which captured the attention of crypto enthusiasts and traditional investors alike. According to comprehensive rankings that track publicly traded companies, exchange-traded funds, and digital assets, XRP’s surging market capitalization propelled it into the world’s top 100 assets. Data from CompaniesMarketCap places XRP at roughly the 94th position during the latest rally, reflecting a market value exceeding $180 billion. CoinMarketCap’s live feed supports this figure, showing a parallel spike as XRP’s price held above the $3 mark. What makes this achievement particularly striking is the comparison with two established global giants. Recent market snapshots list Citigroup and Xiaomi with market capitalizations in the $182–183 billion range—levels that XRP briefly surpassed at the height of its rally. This temporary leap underscores the growing weight of digital assets in the global financial hierarchy, especially when investor demand accelerates. Surpassing well-known corporations carries more than symbolic value. Such a ranking demonstrates how rapidly shifting capital flows can reorder long-standing market leaders. For traders and institutions, XRP’s advance highlights the increasing integration of cryptocurrencies into mainstream investment conversations, where sudden moves can attract additional liquidity and spark broader market attention. It is worth noting that cross-asset rankings can fluctuate by the hour. Market-cap measurements depend on circulating-supply estimates, real-time pricing, and the data provider’s methodology. The position identified represents a snapshot during a period of intense price momentum rather than a permanent standing. Investors and observers should therefore treat the ranking as evidence of current market enthusiasm, not as a lasting reclassification of global financial power. Whether viewed as a passing milestone or a sign of enduring strength, XRP’s emergence within the global top-100 assets confirms its renewed investor appeal. Sustaining that status will depend on broader adoption, consistent liquidity, and regulatory clarity—factors that remain critical as the cryptocurrency market continues to evolve.