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As per latest XRP news, the coin has hit a major milestone. It surpassed a $100 Billion market cap for the first time since 2018. With a 238% surge in the last 30 days, the token is showing signs of renewed bullish momentum. 
As price approaches the $2 mark, the question remains—will it break past this key resistance and repeat its historic rally from 2017? 
XRP surpassed a $100 Billion market capitalization for the first time since January 8, 2018. 
Currently, the token market cap is $108.69 Billion, with a healthy resurgence in investor interest as well as market activity. 
XRP’s performance over the past 24 hours has seen a 3.76% rise. While the seven-day performance is up 19.09%. This makes XRP a prime example of the top leading coin in the cryptocurrency space. 
Here we can see the XRP price has skyrocketed 238%, 213%, and 182% in the last 30, 90, and 365 days, respectively. 
Now it’s the 5th most market cap cryptocurrency in the market. It has a circulating supply of 57.05 billion XRP and $10.96 Billion (40% drop) 24-hour volume. 
According to its fully diluted market cap, is worth abut $185.15 Billion. This equals the potential amount the company can provide. 
XRP’s strong recovery and growing adoption are underlined by the milestone as market sentiment begins to tilt in XRP’s favor. 
While it’s a big moment in the token performance trajectory for XRP, investors and the wider XRP community are optimistic about further growth. 
<h2 class="wp-block-heading" id="h-xrp-s-bullish-pattern-resurfaces-community-awaits-another-major-run">XRP’s Bullish Pattern Resurfaces: Community Awaits Another Major Run</h2> 
In recent <a href="https://www.thecoinrepublic.com/2024/11/30/xrp-price-prediction-rally-to-2-soon-as-bulls-eye-major-breakout/">XRP news</a> monthly breakout candlestick is similar in size and momentum to a breakout candlestick in 2017 that washed the bulls in. 
Tony “The Bull” Severino noticed that XRP had a historic bull run from 2017 when it grew 273.5%. This marked the beginning of its historic bull run. 
The current breakout has the same strength as the XRP, which is up 271.46%, which indicates the probability of repeating its past explosive performance. 
This breakout is shown in the chart above for its significance, as XRP moves on strong bullish momentum. 
Traders and investors seize such patterns as a sign of market sentiment shifting to respond favorable. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
 <img loading="lazy" decoding="async" width="1024" height="618" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-30-1024x618.png" alt="" class="wp-image-861031" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-30-1024x618.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-30-300x181.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-30-768x463.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-30-1536x927.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-30-150x90.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-30-696x420.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-30-1068x644.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-30-1920x1158.png 1920w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-30.png 2014w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 XRP/USD monthly chart | Source: Trading View
 </figcaption>
 </figure>
</div> 
The comparison points to a potential rally that could look similar to last year if things continue playing out the same. 
This optimism for the XRP token has caught many within the community thinking that the token may be able to replicate what made it so successful before. 
XRP is strongly bullish technically, and what’s more, there is renewed interest, getting ready for further upside and what could look like another historic rally like it did back in 2017. 
<h2 class="wp-block-heading" id="h-xrp-inflows-surge-in-november-driving-price-near-2-milestone">XRP Inflows Surge in November, Driving Price Near $2 Milestone</h2> 
As per XRP news, the coin had modest net outflows in the early part of the year, which signaled that selling pressure was above buying interest. 
The price, however, was very stable during this period, meaning there was not a great deal of momentum in the market. 
Consistent outflows began in April through July, indicating high selling pressure against minimal inflows in the system. 
XRP’s price was kept subdued by this prolonged outflow phase, which prevented any real upward movement. 
The trend took a drastic shift in late October when large inflows appeared as a result of increased buying activity. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img loading="lazy" decoding="async" width="632" height="185" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-31.png" alt="" class="wp-image-861038" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-31.png 632w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-31-300x88.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-31-150x44.png 150w" sizes="auto, (max-width: 632px) 100vw, 632px">
 <figcaption class="wp-element-caption">
 XRP Spot Inflow/Outflow | source: Coinglass
 </figcaption>
 </figure>
</div> 
Around the same time, XRP’s price had climbed up from under $1 to nearly $2 by the end of November. 
In mid-November, the token registered its biggest inflows, which led to the token’s price rising at an accelerated pace and reinvigorating market interest. 
Peak investor confidence was seen for XRP during this period, which led to the prices approaching resistance. 
At the end of November, there were first identifiable outflows showing profit taking near $2. 
The rally was tempered by these outflows, which showed traders locking in gains after the sharp rally and added price volatility. 
The post <a href="https://www.thecoinrepublic.com/2024/12/01/xrp-news-market-cap-surpasses-100b-is-bullish-comeback-here/">XRP News: Market Cap Surpasses $100B—Is Bullish Comeback Here?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

XRP News: Market Cap Surpasses $100B—Is Bullish Comeback Here?

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