Ripple’s XRP Surpasses BlackRock in Market Cap Amid Crypto Surge   v

• XRP digital token of Ripple is leaving behind BlackRock and has a market capitalization of $162 Billion, ranking ahead of brands like Coca-Cola and Disney. 
• XRP increased its price to $2.8 with a 21.54% weekly increase driven by renewed trading interests and equally impressive wallet fund inflows. 
• Examiners anticipate that XRP may look at $7.80 in case dominance ascends to 14% depending on the dyed-in-the-wool breaking of existing price ceilings. 

Cryptocurrency has again made a record in the financial market after Ripple’s XRP token overtook BlackRock, the biggest asset manager in the world. By January 15, 2025, The market capitalization of XRP would be $162 billion, far preceding BlackRock with a $154 billion capitalization. This achievement also places XRP up in the ranks of well-known brands present in the whole world like Coca-Cola, Disney, Nike, and others. 

Crypto Rally Fuels XRP Growth

The rest of the stock market involving cryptocurrency has been on the rise in anticipation of Trump’s inauguration on January 20, 2025. This influx has benefited XRP in particular and has taken the value to $2.8 for the first time since 24 December. On the last day, the asset’s price grew by 9% and thus its weekly and monthly returns are 21.54% and 18.67%. 

Specifically, wallets with between 1m and 10m XRP have bought up more than 37% in the last two months, as indicated by data from the on-chain analytics platform, Santiment. Translated into a definite figure, it means holding approximately $3.8 billion more in XRP by November 2024. The heightened activity has contributed to the asset’s bullish trajectory, with prices climbing from $2 to nearly $2.9 within two weeks. 

Market analysts highlight a bullish structure in XRP’s price trends, supported by consistent higher highs and low lows on lower time frames. Additionally, strong buying activity near critical Fibonacci retracement levels has bolstered recent upward momentum. However, XRP faces resistance between $2 and $3, with analysts emphasizing the need for a breakout above $3 to confirm a sustained bullish trend. 

Ripple’s Dominance Shows Potential for Growth 

Crypto market expert Bobby A noted that XRP’s dominance (XRP.D) within the broader cryptocurrency market is nearing 14%. With the total crypto market cap currently at $3.3 trillion, this dominance could elevate XRP’s price above $7.80. Such growth, however, depends on breaking through existing price resistance levels and sustaining market momentum. 

Despite being overtaken by XRP in market capitalization, BlackRock remains committed to expanding its digital asset offerings. Robbie Mitchnick, the company’s head of digital assets, highlighted Bitcoin’s appeal as a decentralized and non-sovereign asset. He also noted that institutional adoption of cryptocurrencies is still in its early stages.