Market Cap of XRP Now Reaches $154 Billion, Its Value Is Equivalent to Half the Valuation of Ethereum

With a market capitalization of $154 billion, the value of XRP is now equivalent to half the valuation of Ethereum

The value of XRP, currently trading at $2.58, has risen by 21% in the past week, reaching half the market capitalization of Ethereum, which is valued at $154 billion.

Despite the positive market sentiment, XRP’s uptrend is yet to be supported by strong enough strength, and the altcoin is approaching overbought conditions.

If the momentum strengthens further, XRP could again show aggressive price movements as it did in 2024.

Chart: TradingView

Currently, XRP’s Relative Strength Index (RSI) stands at 69.23, slightly below the critical threshold of 70.0, which signals overbought conditions.

Usually, when an asset enters the overbought zone, there is an indication of price reversal as the momentum begins to weaken. However, in November 2024, XRP deviated from this general pattern and continued its bullish trend despite entering the overbought region.

The current situation possibilities that XRP could repeat a similar pattern, provided that the market momentum continues to grow.

At that time, the price did not correct but rather shot up higher despite being in overbought conditions.

For XRP to repeat the positive performance of 2024, the current uptrend needs to be supported by stronger forces. Currently, XRP’s Average Directional Index (ADX) is slightly below the 25.0 threshold—an important level used to confirm the strength of an uptrend.

If the ADX value surpasses this limit, it will be a signal that the bullish momentum is getting solid and could potentially sustain the current rally.

In the previous case in November 2024, similar conditions occurred where the ADX showed an increase in trend strength. This helped XRP to break through the resistance level and continue its price increase, even under overbought conditions.

Hence, ADX could be a key indicator to determine if XRP is able to repeat its previous success.

After breaking the $2.56 resistance level, which could provide support in the short term, the next resistance to watch is at $2.95.

A breakout above this level could push XRP towards the $3.00 target, repeating the pattern of strong price movements previously recorded.

However, if the strength of the uptrend is not strong enough, XRP could slip back into overbought conditions, which risks triggering a price reversal.

In the event of a correction, XRP could potentially drop below $2.56, and in the worst-case scenario could touch the $2.27 area. This drop would invalidate the current bullish scenario.

Therefore, the market’s ability to maintain strength in the near term will be the determining factor for the next direction of the XRP price.

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