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    XRP Nears $200B Record Market Cap as Bitcoin Pullback Sparks ’Altseason’

    Cryptocurrency

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    Key takeaways:

    • XRP is about to pass $200 billion in market capitalization for the first time.

    • XRP price is up 35% against Bitcoin in July.

    • If momentum holds, XRP’s market cap could extend to over $250 billion.

    XRP (XRP) is on the verge of surpassing a $200 billion market capitalization for the first time, as Bitcoin (BTC) shows signs of consolidation days after hitting new record highs.

    XRP is up over 35% versus Bitcoin in July

    The XRP market cap has surged 71.75% in the last 30 days to reach $193.10 billion on Thursday, or $2.18 billion less than the record high from six months ago.

    XRP/USD three-day market capitalization chart. Source: TradingView

    The gains accompany a rise in XRP price in BTC terms, too.

    In July, the XRP/BTC pair has surged by over 35%. Ether (ETH), the second-largest crypto by market cap, has jumped by over 25% compared to Bitcoin in the same period.

    XRP/BTC weekly price chart. Source: TradingView

    Together, these top two altcoins comprise around 16% of the crypto market.

    Their gains versus Bitcoin in recent days boost the ongoing “altseason” narrative, a market phase where traders rotate capital out of Bitcoin and into altcoins in search of higher returns.

    Source: Peter Brandt

    The past 24 hours further show Bitcoin wobbling between intraday profits and losses, while Ether and XRP have risen by over 8% each, indicating a shift toward top-cap altcoins among traders.

    Bitcoin, Ethereum, and XRP’s 24-hour performance comparison. Source: Messari

    Many analysts are convinced that XRP will continue its rally toward $4 in the coming weeks, driven by rising whale volumes and other bullish technical setups.

    XRP’s bullish outlook, both in US dollar and BTC terms, could propel its market capitalization well beyond the $200 billion threshold.

    XRP fractal hints at $250 billion target

    XRP’s recent breakout bears a striking resemblance to its late-2024 setup, when it entered overbought territory on the relative strength index (RSI) and remained elevated for several weeks.

    That stretch saw XRP’s market capitalization soar over 200%, topping at around $195 billion by early 2025.

    XRP market cap three-day performance chart. Source: TradingView

    The current price action resembles that structure. XRP has also broken out of a multimonth descending triangle, supported by rising volume and momentum indicators.

    The move could extend toward the triangle’s upside target at around $212 billion for August, if the pattern continues.

    A successful push beyond $212 billion would open the door to the 1.618 Fibonacci extension level, aligning approximately $258 billion, up 33% from current levels, by the year’s end.

    This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.