XRP has recently experienced a significant rise, with its market cap increasing by 22.6% in the past 24 hours. This impressive surge has outperformed several leading cryptocurrencies, including Bitcoin, Ethereum, Solana, and Cardano. As of November 21, the market cap of XRP was $62.86 billion, and since then, it has surged by over 25%, reaching $79.59 billion. This has prompted discussions among analysts and investors regarding the potential for XRP to reach a $100 billion market cap in the near future.

XRP’s Price and Market Performance

Throughout November, XRP’s performance has been notably strong. On November 5, the market cap was $28.61 billion, but by November 16, it had increased to $63.77 billion, marking a 122.89% rise within two weeks. The price of XRP also surged during this period, rising from $0.5114 on November 5 to a peak of $1.1205 by November 16—a 119.10% increase. Over the last seven days, the price of XRP has climbed by more than 74.1%. In the last 24 hours, XRP has emerged as one of the top performers, recording a 22.6% price surge. As of writing, XRP is trading at $1.3935, which is the highest level since September 7, 2021.

Experts Weigh In on XRP’s Growth Potential

Crypto attorney John Deaton has expressed optimism about XRP’s future, suggesting that the digital asset could soon reach a market cap of $100 billion. His perspective is shared by other influential figures in the crypto industry, including attorney Bill Morgan, who also holds a positive outlook for XRP. This growing optimism comes as XRP’s market cap continues to increase, and many are beginning to see it as a strong contender in the crypto market.

XRP’s Historical Milestones

The last time XRP’s market cap approached the $100 billion mark was in January 2018. On January 3, 2018, XRP’s market cap was valued at $106.8 billion, with the price fluctuating between $3.05 and $3.37. However, this level was short-lived, as the market cap dropped below $100 billion shortly after, signaling the volatility that is common in the cryptocurrency space. Since then, XRP’s price has not come close to reaching those highs.

Current Market Sentiment and Future Price Targets

Currently, XRP is trading about 40% lower than its 2021 peak price of $1.96. Despite this, the ongoing bullish sentiment in the market suggests that there is a strong possibility for XRP to surpass its 2021 high in the current bull cycle. If XRP can break through the key price level of $1.756, its market cap would hit the $100 billion milestone.

Outlook for XRP’s Market Cap

With the market cap approaching $80 billion, analysts are keeping an eye on XRP’s next major resistance levels. If XRP can continue to build on its current momentum, it could potentially reach the $100 billion market cap in the near future. The $1.756 price point will be a critical level to watch, as it could signal further upward movement.

Conclusion

XRP’s recent price surge and growing market cap highlight its increasing position in the cryptocurrency market. While it is still a significant distance from its all-time high, the strong bullish trend suggests that XRP may be on track to reach the $100 billion market cap milestone soon. The next few weeks will be critical in determining whether XRP can maintain its momentum and achieve this major milestone.