XRP Rebound Shakes Up Crypto Market Hierarchy

While the crypto market struggles to catch its breath post-halving, XRP, relegated for years to the background between price inertia and legal battles, is now approaching 200 billion dollars in capitalization. A meteoric resurgence that contrasts with Bitcoin’s decline and fuels the idea of a new cycle dominated by altcoins. This trend reversal raises the question : is XRP redefining the balance of power within the crypto market ?

A historic technical surge towards $200 billion

While XRP soars with a record influx on derivatives contracts, the crypto reached a market capitalization of $193.1 billion this Thursday, a meteoric increase of 71.75 % over the last 30 days. This momentum places the crypto less than $2.2 billion from its all-time high, set six months ago.

XRP is about to surpass $200 billion in market cap for the first time, a symbolic milestone in a context where Bitcoin, consolidating after its recent records, is yielding ground to altcoins.

This surge is driven by several converging technical indicators that lend credibility to this bullish movement :

• The break of a months-long descending triangle, with a breakout confirmed by volumes ;
• A marked increase in RSI, placing the asset in an overbought zone, as in previous rally phases ;
• A market fractal similar to late 2024, a period when capitalization tripled in a few weeks ;
• A short-term target of $212 billion, with a more ambitious technical goal of $258 billion, corresponding to the Fibonacci 1.618 extension.

All these elements suggest a structural trend rather than a simple effect of temporary volatility. The current XRP configuration thus evokes a bullish continuation sequence, which could extend in the weeks to come if volumes remain sustained.

Altseason, capital rotation and dominance resurgence

Beyond purely technical signals, XRP’s current trajectory fits into a global phenomenon: the return of altseason, that cyclical phase when investors rebalance their positions at the expense of Bitcoin to reposition on high-potential altcoins.

XRP and Ether together represent about 16 % of the total crypto market capitalization, and have respectively gained over 35 % and 25 % against Bitcoin since early July. In this context, “both Ether and XRP have each gained more than 8 % in the last 24 hours”, a striking contrast to Bitcoin “oscillating between intraday gains and losses”.

This dynamic reflects a rotation of capital, a common phenomenon during market transition periods. Investors, anticipating a short-term end of the Bitcoin cycle, seek new performance drivers.

XRP, often considered a dormant institutional asset, is currently drawing this attention, benefiting from its high liquidity, massive capitalization, and an exploitable volatility history. The temporary inverse correlation with BTC thus becomes an arbitrage lever for the most responsive crypto asset managers.

From a forward-looking perspective, this XRP surge could reshuffle the crypto hierarchy’s cards if confirmed beyond summer. A clear crossing of the $200 billion threshold would strengthen its legitimacy in a landscape dominated by Bitcoin and Ethereum. However, this scenario will also depend on the market’s ability to sustain a durable rotation towards altcoins without a sharp reversal of sentiment.