Українська
Русский
English
XRP Market Cap Surpasses McDonald’s
XRP’s latest price surge has pushed its market capitalization to $215 billion — overtaking global giants like McDonald’s and American Express (NYSE: AXP). This followed a 500% rally since July last year, when XRP reached a new all-time high of $3.65.
Although the price has slightly declined since then, XRP’s strong performance has attracted investor attention and marked a major shift in the crypto asset rankings.
In the last 24 hours, XRP’s price fluctuated around $3.57, dipping below $3.50 early in the session before recovering to $3.65. It then faced resistance and fell back to $3.46.
The $3.65 level now serves as a key resistance barrier for further upward movement. Meanwhile, support remains firm at $3.43 despite ongoing selling pressure. If buyers fail to hold this level, XRP could face further downside.
Trading volume increased by 7.15%, indicating heightened market activity. This surge may reflect profit-taking or new entrants buying the dip.
Technical indicators point to a weakening momentum. The MACD line has crossed above the signal line, hinting at a potential slowdown in bullish momentum. MACD remains positive at 0.07170, but the narrowing histogram suggests fading strength.
Additionally, the Relative Strength Index (RSI) currently stands at 78.69, clearly placing XRP in the overbought zone. The 14-period moving average of the RSI is even higher at 80.47 — a level that often precedes short-term corrections or sideways consolidation.
See also: "Solana Surpasses $200 for the First Time Since February. What Drove the Rally?"
