INSUBCONTINENT EXCLUSIVE:
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
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
Source: TradingViewTogether, these top two altcoins comprise around 16% of the crypto market
rotate capital out of Bitcoin and into altcoins.Source: Peter BrandtThe past 24 hours show Bitcoin wobbling between intraday profits and
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
territory on the relative strength index (RSI) and remained elevated for several weeks
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
beyond $212 billion would open the door to the 1.618 Fibonacci extension level, aligning about $258 billion, up 33% from current levels, by
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