XRP jumps 10.03% surpassing Citigroups market cap at $139B
- XRP surged 10.03%, reaching $2.50 and a $139B market cap.
- RSI at 83.25 indicates overbought conditions, hinting at possible corrections.
XRP surged 10.03% in the last 24 hours, reaching $2.50. Its market cap now stands at $139.13 billion, overtaking Citigroups $136.45 billion. The fully diluted valuation (FDV) of XRP is $243.58 billion, with a 24-hour trading volume of $12.42 billion, reflecting a 9.94% increase. The volume-to-market-cap ratio of 9.19% highlights active trading, indicating a growing interest in the asset.
XRP has surpassed Citigroup in market capitalization, marking a significant milestone. XRPs market cap stands at $139.04 billion, overtaking Citigroups $136.45 billion. This achievement highlights XRPs growing dominance in the cryptocurrency market as it solidifies its position among the top digital assets.
In the current market, XRP shows impressive resilience, outperforming major players. The tokens total supply is 99.99 billion, with a maximum supply of 100 billion. This recent rally underlines its strong position amid increasing competition in the cryptocurrency space.
Analysis of XRPs Performance
XRPs price chart reveals crucial technical insights. The 9-day and 21-day moving averages (MAs) stand at $2.30 and $1.74, respectively. The 9-day MA is above the 21-day MA, signaling a bullish crossover. This pattern suggests a potential continuation of the upward trend.
The immediate support level is $2.30, while resistance lies at $2.50. A break above $2.50 could push XRP toward $2.80 in the near term. Conversely, failure to hold $2.30 might trigger a pullback to $2.10. Traders should watch these levels closely to anticipate the next move.
The Relative Strength Index (RSI) is at 83.25, well above the overbought threshold of 70. The RSI average of 73.95 reflects strong momentum but also warns of a potential correction. Overbought conditions suggest caution, as the market may need consolidation before another rally.
If XRP sustains above the $2.50 resistance, it could attract more institutional interest. With increasing adoption and high trading activity, XRPs long-term outlook appears promising. However, overbought conditions hint at possible short-term volatility.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
