XRP Rallies 18% as Market Cap Tops $211B, Flipping Shell Oil

Key Insights:

• XRP’s market cap crosses $210B, surpassing Shell Oil’s $205B
• CLARITY Act may shift XRP classification to commodity under CFTC
• XRP open interest hits all-time high, technicals confirm long-term bullish reversal

XRP surged past $3.65, reaching a new all-time high and pushing its market cap to $211.41 billion. This rise allowed XRP to overtake energy giant Shell, which currently holds a $205.92 billion market cap. The token gained over 500% since July 2024, showing strong momentum across both retail and institutional markets.

Price data from CoinGecko shows XRP hovering near $3.55 with a 24-hour trading volume exceeding $8.1 billion. It remains the third-largest cryptocurrency by market capitalization, with 59.18 billion tokens in circulation. In contrast, Shell’s stock has dropped 3% this month, while XRP posted 64% gains over the same period.

Five-year ROI comparisons further favor XRP, which returned over 1,700% compared to Shell’s 110%. CryptoQuant reported XRP open interest at an all-time high of $3.8 billion, showing peak market engagement. The spike suggests that traders are aggressively positioning long as bullish signals intensify across timeframes.

Clear Regulations and Bullish Indicators Fuel XRP’s Accelerating Momentum

According to BitcoinLaws.io, the CLARITY Act now classifies digital assets based on decentralization. Under this rule, XRP could soon be regulated as a commodity by the CFTC instead of the SEC. This framework sets clear requirements for blockchain maturity and may remove regulatory uncertainty for Ripple.

Technical indicators on TradingView signal a strong bullish trend forming on the XRP/BTC chart. The Guppy Multiple Moving Average shows a rare bullish cross, where short-term EMAs broke above long-term EMAs. This pattern has not appeared since 2018 and often signals a multi-month breakout.

Additionally, XRP closed the previous week above $3.37, triggering bullish Ichimoku Cloud conditions. Chart analyst steph highlighted targets ranging from $4.5 to $10 based on cloud and Fibonacci models. He notes that if Bitcoin maintains its rally past $120,000, XRP could reach $6 to $10 in the near term.

As of now, market structure supports further upside as XRP consolidates above key resistance levels. Strong open interest, favorable regulation, and bullish chart patterns continue to fuel momentum.