Key takeaways:XRP is about to pass $200 billion in market capitalization for the first time.XRP price is up 35% against Bitcoin in July.If momentum holds, XRPs market cap could increase to over $250 billion.XRP (XRP) is on the verge of surpassing a $200 billion market capitalization for the first time, as Bitcoin (BTC) shows signs of consolidation days after hitting new record highs.
XRP is up over 35% versus Bitcoin in JulyThe XRP market cap has surged 71.75% in the last 30 days to reach $193.10 billion on Thursday, or $2.18 billion less than the record high from six months ago.XRP/USD three-day market capitalization chart.
Source: TradingViewThe gains accompany a rise in XRP price in BTC terms, too.
In July, the XRP/BTC pair has surged by over 35%.
Ether (ETH), the second-largest crypto by market cap, has jumped by over 25% compared to Bitcoin in the same period.XRP/BTC weekly price chart.
Source: TradingViewTogether, these top two altcoins comprise around 16% of the crypto market.
Their gains versus Bitcoin in recent days boost the ongoing altseason narrative, a market phase where traders in search of higher returns rotate capital out of Bitcoin and into altcoins.Source: Peter BrandtThe past 24 hours show Bitcoin wobbling between intraday profits and losses, while Ether and XRP have risen by over 8% each, indicating a shift toward top-cap altcoins.Bitcoin, Ethereum, and XRPs 24-hour performance comparison.
Source: MessariMany analysts are convinced that XRP will continue its rally toward $4 in the coming weeks, driven by rising whale volumes and other bullish technical setups.
XRPs bullish outlook, both in US dollar and BTC terms, could propel its market capitalization well beyond the $200 billion threshold.XRP fractal hints at $250 billion targetXRPs recent breakout bears a striking resemblance to its late-2024 setup, when it entered overbought territory on the relative strength index (RSI) and remained elevated for several weeks.
That stretch saw XRPs market capitalization soar over 200%, topping at around $195 billion by early 2025.XRP market cap three-day performance chart.
Source: TradingViewThe current price action resembles that structure.
XRP has also broken out of a multimonth descending triangle, supported by rising volume and momentum indicators.
The move could extend toward the triangles upside target at around $212 billion in August, if the pattern continues.A successful push beyond $212 billion would open the door to the 1.618 Fibonacci extension level, aligning about $258 billion, up 33% from current levels, by the years end.This article does not contain investment advice or recommendations.
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