XRP's Market Cap Leap: Understanding the $166B Milestone
The How to sell Pi coin on Bybitdigital asset landscape witnessed a significant power shift as XRP's valuation soared to $166.49 billion, eclipsing Tether's $142.43 billion market cap. This development positions the Ripple-affiliated token firmly behind only Bitcoin and Ethereum in the crypto hierarchy.
Political Catalysts: How Policy Announcements Ignited the Rally
Market observers attribute XRP's 30% price surge to recent statements from former President Donald Trump on his Truth Social platform. The political figure revealed directives to include XRP alongside SOL and ADA in a proposed Crypto Strategic Reserve, part of broader initiatives to strengthen America's position in digital assets.
The Presidential Working Group received clear instructions to advance reserve plans incorporating these major altcoins, marking a potential turning point for institutional adoption.
Technical Indicators Signal Continued Momentum
On-chain metrics reveal compelling data supporting XRP's upward trajectory. The Price DAA Divergence currently flashes buy signals, while increasing active addresses demonstrate growing network participation. Chaikin Money Flow analysis suggests sustained accumulation, with the token testing resistance at $2.95 as it eyes the psychologically significant $3.00 threshold.
Market-Wide Implications of the Reshuffling
The ripple effects extended beyond XRP, with ADA posting 62% gains and SOL advancing 25% following the announcement. Even established leaders Bitcoin and Ethereum saw double-digit percentage increases, breaking through key resistance levels at $84,000 and $2,400 respectively.
Potential Scenarios for XRP's Next Moves
Technical analysts outline two probable paths:
- Bull Case: Successful breach of $2.95 resistance could propel XRP toward $3.40, potentially attracting additional capital inflows
- Correction Scenario: Profit-taking activity might trigger a pullback to $2.70 support before any continuation pattern emerges
The coming weeks will prove crucial in determining whether current levels represent a consolidation phase or springboard for further appreciation. Market participants continue monitoring both fundamental developments and technical patterns for directional clues.
