XRP achieved a significant milestone by briefly overtaking McDonald's market capitalization, reaching approximately $215 billion compared to the fast-food giant's $211 billion valuation. This event highlights XRP's growing acceptance as a legitimate financial asset, with its circulating supply value reflecting increased institutional confidence.
The token's price has surged over 70% in the past 30 days and 68% year-to-date, trading firmly above the $3.40 support level after breaking through the $2.70 resistance barrier on July 13. Trading volumes exceeded $10 billion in 24 hours, indicating strong market participation and FOMO sentiment.
Key catalysts include the launch of the first XRP-linked ETF and favorable U.S. cryptocurrency legislation. Technical analysis shows resistance near $3.65, with the $4 psychological threshold representing the next potential target if trendline support holds. Ripple executives Brad Garlinghouse and David Schwartz have gained prominence during this rally.
Financial analysts view this $205-$215 billion valuation shift as emblematic of digital assets challenging traditional finance, potentially influencing regulatory frameworks and institutional portfolio strategies. While XRP's momentum appears strong, the $100,000 price prediction remains unrealistic.