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Key Takeaways:
- XRP broke past $2.6 and flipped USDT in market cap, now aiming for $3–$3.3 in the short term.
- Whale accumulation and technical breakout from a 6-year triangle add bullish conviction.
- CPI data and large exchange flows could introduce short-term volatility.
Ripple’s XRP has broken free from a years-long consolidation phase, surging past critical resistance levels and overtaking Tether (USDT) in market capitalization. With Bitcoin in price discovery and altcoins heating up, XRP’s bullish breakout may just be getting started.
XRP Flips USDT in Market Cap as Triangle Breakout Fuels Hype
XRP’s market cap recently surged to $168.32 billion, outpacing USDT’s $159.54 billion to claim the third spot in crypto rankings. This coincided with a technical breakout from a symmetrical triangle pattern dating back to 2018, as highlighted by crypto analyst Ali Martinez. Using historical chart metrics, Martinez projected a potential price target of $16.17—though many see the $6-$7 range as more realistic in the current cycle.
On the 1-day chart, XRP had been consolidating within a range since March 2025. The recent breakout above $2.6 and bullish structure shifts on both the daily and weekly charts point to growing upside potential. Indicators like the MACD and Chaikin Money Flow (CMF) signal strong bullish momentum and capital inflows.
Altcoin Momentum Grows as Bitcoin Dominance Wanes
Bitcoin’s steady climb beyond $119,000 has not dampened the altcoin rally. In fact, Bitcoin Dominance dropped from 65.9% to 64.46% over the last two weeks, a shift that typically precedes the onset of a full-blown altseason. With the crypto market cap now above $1.25 trillion, large-cap altcoins like XRP are beginning to outshine Bitcoin in terms of gains.
Additionally, insights from Santiment and Equities Tracker noted that the number of XRP wallets holding 1 million+ tokens hit an all-time high of 2,743, signaling growing whale accumulation and investor confidence.
Will CPI and Exchange Flows Disrupt XRP’s Climb?
Despite the bullish outlook, a recent $70 million XRP inflow to Coinbase may trigger near-term selling pressure. Traders should watch for potential retracements or a retest of the $2.6 level, which could confirm support for a move toward $3 and $3.3.
Our view on the 30% tariffs just announced on the EU and Mexico:
— The Kobeissi Letter (@KobeissiLetter) July 12, 2025
The market will be little fazed by this announcement on Monday.
In fact, the market may end up closing green.
Why do we say this?
It's clear that this is entirely a negotiating tactic by President Trump, with a…
Meanwhile, macroeconomic catalysts loom large. The upcoming U.S. CPI report on July 15 could spark volatility. Forecasts expect a 0.3% monthly and 2.6% yearly increase, up from May’s figures. If inflation surprises markets, risk-on assets like XRP could face turbulence.
XRP’s technical breakout, surging market cap, and growing whale activity point to a renewed bullish cycle. Yet, macroeconomic developments and exchange inflows suggest caution is warranted.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: XRP Surges to #3 Globally as Analysts Predict Massive $22 Price Target by 2025
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
