TLDR
- XRP must rise to $4.48 to join the list of the world’s top 50 assets by market cap.
- The current XRP price is $2.94 with a market cap of $175.27 billion which places it just outside the top 100 assets.
- Reclaiming the $3 level would allow XRP to surpass BlackRock and re-enter the top 100.
- XRP needs an $88 billion market cap increase to match the valuation of the 50th largest asset.
- Analysts believe XRP is forming higher highs and may realistically hit the $4.47 to $4.48 range this cycle.
The XRP price must rise 52.3% from its current level to break into the world’s 50 largest assets list. XRP currently trades at $2.94 with a market cap of $175.27 billion, placing it just outside the top 100. It needs to reclaim $3 to return to the 100th position and then aim for $4.48 to reach the top 50.
XRP Slips Outside the Top 100 Assets
XRP has lost ground while major altcoins such as Ethereum have gained momentum over the past week. Ethereum posted a 7% increase, while the XRP price dropped by 0.76% despite favorable legal developments. XRP’s decline below the $3 level has cost it its spot among the top 100 assets globally.
Currently, BlackRock holds the 100th spot with a valuation of $177.79 billion, narrowly above XRP’s market cap. A minor push above $3 would lift the XRP price and its market value to $178.44 billion, allowing XRP to re-enter the top 100 and begin climbing higher.
Analysts view the $3 level as a psychological pivot point that could serve as a breakout trigger. If maintained, this level could provide the momentum needed for the XRP price to target higher ranges. XRP previously crossed a $216.7 billion market cap, showing its ability to rise rapidly.
XRP Needs to Hit $4.48 to Enter Top 50 Assets
To break into the global top 50, XRP must surpass China Construction Bank’s $266.1 billion market cap. At its current supply of 59.48 billion tokens, the XRP price needs to hit $4.48 to achieve that valuation. This would mark a new all-time high both in price and market cap.
XRP previously hit a peak market cap of $216.7 billion when it reached $2.66, which placed it in the top 80 assets. At that time, XRP was only $50 billion short of the top 50 threshold. Now, an $88 billion increase is required, which remains achievable in a bullish market.
Analyst VirtualBacon noted XRP was showing a pattern of higher highs, adding, “$4.47 is a realistic target this cycle.” Many market analysts expect the XRP price to surpass $4, but not peak there. If sustained, this growth could place XRP among elite global assets.
Momentum Builds Despite XRP Price Struggles
Despite its recent downturn, XRP maintains bullish sentiment due to ongoing legal clarity and ETF anticipation. Market watchers believe a resolution in the SEC case could significantly boost investor confidence. With these factors aligned, the XRP price could regain upward momentum and push toward the $4.48 target.
