XRP Overtakes Shopify, Verizon, Citigroup in Market Value as Price Eyes $6

XRP has outperformed the market values of Shopify, Verizon, and Citigroup and established itself as a leading global asset. This has led to optimism, as XRP has been growing rapidly, with traders and analysts citing high momentum and opportunities for further appreciation.

XRP Market Value Rises Above Major Corporations

According to Companies Market Cap data, XRP now holds a larger market capitalization than Shopify, Verizon, and Citigroup. Shopify powers millions of online stores, Verizon serves over 140 million customers, and Citigroup manages trillions in assets. Despite its global presence, XRP’s rising valuation has placed it ahead of these corporate giants.

The surge follows a 12% weekly gain, with the altcoin trading above $3.10 for the first time in weeks. Many analysts see this growth as part of a wider recovery across digital assets. 

XRP CRO noted that a weekly bull flag pattern is forming, suggesting a potential breakout. The analyst shared projected targets of $6, $13, and $23 if the token breaks key resistance at $3.60. This projection has added to the growing anticipation among traders.

A key driver of the current rally has been speculation around the launch of a Ripple ETF in the United States. Bloomberg analyst James Seyffart stated that REX-Osprey’s XRP ETF is likely to launch next week. As CoinGape reported, the XRP ETF launch was meant to happen this week but was eventually delayed. 

Key Targets As Price Retest Resistance Levels

Crypto analyst Dark Defender revealed that the XRP price is breaking its initial weekly resistance and that the targets are the $4.39 and $5.85 Fibonacci levels. Meanwhile, the support levels to keep an eye on are $3.01 and $2.85.

Crypto analyst Egrag Crypto also confirmed that XRP is breaking out. He alluded to a symmetrical triangle pattern, which suggests a 50% chance of upward movement and a 50% chance of downward movement.

For the altcoin to maintain this bullish momentum, Egrag Crypto said that there needs to be a solid follow-up with a bullish candle. He added that over the next two days, it is crucial to achieve a bullish candle close and maintain the body above $3.07. The analyst claimed that this confirmation will be key to sustaining this momentum.

His accompanying chart showed that the XRP price could rally to as high as $4.2 if it sustains this bullish momentum. This will mark a new all-time high (ATH) for the altcoin.