XRP Market Cap Reaches Critical Juncture as Breakout Continuation Looms

XRP's market capitalization is retesting the $104 billion level, prompting cryptocurrency analyst JD to suggest a potential breakout continuation.

The setup combines three key elements: an ascending triangle breakout, a successful retest at the breakout zone, and the development of a bullish engulfing candle at this key level.

According to JD's analysis, XRP's market cap has created a rising trendline of higher lows alongside a flat resistance near $104 billion since 2018, characteristic of an ascending triangle.

In late 2024, XRP surpassed the $104 billion resistance after a rally exceeding 500%, and in early 2025, its market cap approached $180 billion. However, it pulled back significantly after this rapid increase, bringing the market cap back to the prior breakout area by July 2025.

JD considers this juncture as the fourth stage of the classical breakout cycle: resistance, higher lows, a breakout, and now the retest. If XRP holds this support, JD suggests that a new leg higher could follow, pointing toward a breakout continuation.