XRP has been on a powerful upward swing, recently hitting $1.92—its highest price in over 42 months. This surge has catapulted XRP past Binance Coin (BNB) in market value, making it the fifth-largest cryptocurrency in the world right now. The boost in price comes from a mix of big investors (whales) making moves and a growing sense of excitement around the coin. This XRP price surge has fueled discussions about its potential to outperform other coins, including BNB and Solana.
Crypto analyst Dark Defender has set an ambitious target for XRP, predicting it could hit $3.41 soon, with eyes on its all-time high (ATH) of $3.84. After breaking resistance at $1.44 and retesting $1.97, XRP looks poised for a rally, with $1.97 as a key Fibonacci level to watch. Dark Defender expects this XRP bull run to unfold in December, with $5.85 as the next significant target. Looking further ahead, the analyst believes XRP could reach $11.3 in this bull run, with a potential $18 target for next year, driven by the Elliott Wave theory. The rally seems far from over, and many are considering XRP as a top 3 cryptocurrency contender.
XRP is experiencing a surge in bullish momentum, with a 21% jump propelling it past BNB to become the fifth-largest cryptocurrency by market capitalization. This rally follows recent updates about the potential approval of its stablecoin and the upcoming launch of an ETF. The remittance-focused token has now crossed the $100 billion market cap milestone, sparking increased positive sentiment among investors. The recent XRP price surge has led to rising optimism around the future of the coin, with analysts forecasting a continued upward trajectory.
Dark Defender recently sparked a discussion on XRP's potential to flip Solana, especially as XRP sees impressive gains. Solana is currently priced around $244 with a market cap of $116 billion, while XRP has a market cap of $107 billion. If XRP reaches $3.40, its market cap could surge to $193 billion, potentially surpassing Tether.
Crypto analyst CrediBULL Crypto speculates that XRP might set its sights on claiming the #3 spot, surpassing both Solana and Tether in market capitalization. If achieved, XRP would rank just below Bitcoin and Ethereum as the third-largest cryptocurrency. Notably, XRP had previously outpaced Ethereum in market cap prior to the onset of Ripple's SEC lawsuit in 2020.
Also read: GOATS Airdrop Listing Date on Bitget: What to Expect Next?