XRP's Market Cap Hits $175B: Fibonacci Major Levels Show $10 Target

Key Insights:

• XRP's market cap hit as much as $175B, its all-time high since 2018, which witnessed greater investor confidence.

• CoinMarketCap statistics indicate that XRP's 2017 rally replicated the current rally, and hence it may have more to provide.

• Fibonacci analysis indicates that XRP has a strong possibility of crossing $5, and longer-term targets are at $11 and beyond.

XRP capitalization increased by over $175 billion, the greatest level since the half of 2018. Its phenomenal surge demonstrates increasing confidence by investors, swelling trading volumes, and great bullish pressure during the past months.

Analyst Market Breakdown

The latest EGRAG CRYPTO analysis highlights the power of XRP by noting that it has successfully maintained full-body candle closures at levels above Fib 1.0 for straight three months.

Source: EGRAG CRYPTO

He pointed out that there is no significant resistance at Fib 1.236, paving the way for the breakout to Fib 1.414 around $5-$6, with possible wicking to Fib 1.618 around $9-$10.

His charts indicate that it is the timing of this movement that will make all the difference between the market's continuation of the uptrend or falling into a cycle top later in 2025.

Price structure analysis in EGRAG CRYPTO places the "Final Wake Up Line" in context as a price charted breakout. He explained how XRP has drawn senseful patterns in the charts, with simultaneous Fibonacci cycles that have controlled previous market bulls.

History might repeat itself so that the breakout on the next would drive price discovery to the $10 level, setting the long-term path of XRP.

Market Valuation Trends

With market movement, CoinMarketCap data confirms the surge in the valuation of XRP, indicating the overall direction of price and liquidity growth.

Looking at past trends, the market cap was within the established range of $25-$50 billion from 2022 through the first half of 2023 before it made its way past $125 billion towards the end of 2023.

Looking at changing volumes, the market movement is accompanied by rising volumes of transactions, contributing to the current bearish climate and potential for future growth.

Source: CoinMarketCap

Historical trends show CoinMarketCap data indicate that XRP's 2017 bull trend was also accompanied by a market cap explosion after which it corrected brutally.

However, the latest breakout above $175 billion is evidence of consistent investor appetite, which can fuel additional upswings. If liquidity injections continue to flow in, XRP can stabilize at a higher price range, which can maintain its level above significant support levels.

Fibonacci Structure and Future Projections

Fibonacci level analysis, XRP price action closely tracks previous cycles, showing disciplined periods of consolidation followed by brutal rallies. The market had previously rejected the $1.272 Fib level, but this breakout above $2.00 suggests possible extension into higher Fibonacci extensions.

With the power of present momentum, price action can stretch beyond the $5.00 marker, positioning XRP for its next leg on its projected long-term cycle.

On the long-term horizon, the target for the future is the Fibonacci 2.0 extension price of $11.04. Price cycles of the past reflect that after penetrating key resistance zones, explosive growth follows.

On this bullish course, if XRP maintains momentum, Fibonacci estimations suggest testing $13.36 and above, subject to overall market environment and liquidity levels.