XRP Market Cap Surpasses $190 Billion for the First Time

Key Insights:

• XRP market cap climbs to $193.19B, marking a new milestone as price surges 10.81% in 24 hours.
• Whale accumulation, increased Upbit volume, and technical breakouts fuel investor confidence across markets.
• Over 7.19 million XRP wallets now active, indicating broad network growth and bullish retail participation.

XRP has reached a new all-time market cap of $193.19 billion, according to CoinMarketCap. The price rose by 10.81% over the past day, closing at $3.27. Volume also surged by 78.15%, exceeding $12.5 billion in daily trading.

Coinglass data shows a 71% surge in trading volume and a 17.56% rise in open interest, supporting a bullish trend. Long/short ratios on Binance and OKX exceeded 1.8, indicating strong buyer dominance. 

Price action aligns with the technical breakout of a double bottom chart formation, as shared by analyst StephIsCrypto. XRP cleared the $2.75 neckline and surged rapidly, confirming bullish structure.

On-Chain Metrics Confirm Widespread Adoption and Whale Demand

Santiment data from Ali reveals XRP’s MVRV ratio recently printed a golden cross, a signal last seen before a 630% rally. The ratio breakout aligns with price acceleration and whale accumulation. Over 2.2 billion XRP were reportedly bought by large holders in the past two weeks.

Meanwhile, CryptoQuant reports XRP wallet addresses have surpassed 7.19 million, hitting an all-time high. The growing address count reflects increased retail and institutional engagement. Rising wallet growth generally correlates with long-term value expansion and strengthens network fundamentals.

In South Korea, Upbit saw $3.79 billion in total volume, with XRP accounting for 20.18%—over $763 million in trade. Korean demand appears to be a major liquidity engine in the current move. The token also remains the most traded asset on the exchange, confirming regional trading dominance.

Santiment’s volume chart also shows a sharp rise in large account activity, mirroring historic rallies. Overall, fundamentals, derivatives, and whale behavior are converging, pushing XRP into a new price phase with historic market capitalization support.