XRP has toppled Shopify, Verizon, and Citigroup with the greater market value, which enhances its position as one of the most significant assets worldwide. The milestone comes after strong whale sales. It also raises questions about whether retail optimism can sustain the rally.
XRP Market Value Rises Above Top Corporations
Companies Market Cap listings show that XRP ranks at a higher valuation than Shopify, Verizon and Citigroup at present. Shopify supports millions of shopping locations online, and Verizon has over 140 million users, while Citigroup has trillions of assets under its management.
The token has increased by 12% this week, trading above $3.05, the first in weeks. Analysts say this is part of a larger recovery across digital assets fueled by ETF anticipation.
Analysts Predict Breakout
Technical analysts have pointed out bullish setups. A bull flag was also noticed by an analyst, giving projections such as $6, $13, and even $23 in case the coin breaks above $3.60.
Another respected trader noted that Fibonacci levels point to $4.39 and $5.85, while support zones can be found between $3.01 and $2.85.
Another analyst noted a symmetrical triangle. According to them, this suggests that there is an equal chance for the XRP price to rise or drop. He stressed that maintaining a close above $3.07 is critical for bullish continuation.
ETF Speculation Fuels Optimism
Investor enthusiasm has grown around the possibility of an XRP exchange-traded fund in the United States. Bloomberg’s James Seyffart noted that REX-Osprey’s XRP ETF is expected to launch soon after delays.
The Polymarket prediction data proves this optimism. The probability of an XRP ETF to gain approval by the end of 2025 currently stands at 95% on the platform. The figure represents a 24% increase in recent months, which is an indicator of increasing belief among market players.
The graph indicates an upward trend following decreases earlier in the year, and confidence is now at an all-time high. Such products could open institutional flows into XRP, like it happened with Bitcoin and Ethereum ETFs.
However, demand could also be mixed. For example, the Solana Staking ETF by REX-Osprey has recorded total inflows of $205 million since its launch. Compared to the BTC ETFs’ performance in their first two months of launch, the REX-Osprey Solana ETF has performed below expectations.
Whales Decrease Exposure Despite Milestone
As retail traders celebrate the coin’s valuation milestone, large XRP holders are reducing their exposure. Santiment reported that whales with 10 to 100 million XRP sold 40 million coins in forty-eight hours.
These large holders have gradually minimized exposure in the past weeks. Their sell-offs correspond with the launch of the REX-Osprey XRP ETF. The move by the whales suggests that they do not think that there will be high demand from institutions, which will raise the price of the coin.
Big sell orders were observed at Binance, Coinbase, and OKX as the coin price rose more than $3.05. The whales also added short positions between $3.3 and $3.6, putting hurdles for any bullish momentum.
SEC Delays Add Uncertainty
Also, a decision on the XRP ETF by Franklin Templeton has been postponed by the U.S SEC. Regulators are still cautious, and with every hesitation, they add an element of confusion to market sentiment.
The Whale Flow 30-day moving average by CryptoQuant supports the bearish position of the whales. Analysts warn that this kind of pattern usually corresponds to market tops followed by steep declines.
XRP Market Activity
XRP rose more than 8.81% in one week, with prices ranging between $3.02 and $3.07. However, trading volume climbed to $4.64 billion over the past day.
Futures data told a similar story. Coinglass reported XRP open interest dropped 1.78% to $8.84 billion. Top exchanges such as CME, Binance, and OKX also experienced large futures selloffs, which are consistent with the whales’ action.