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- XRP jumped past Citigroup with $184.20 billion value, riding demand for Ripple’s payment system.
- Analysts eye $3.35 breakout while Fed decision and market bill shape XRP’s momentum.
Ripple’s XRP has overtaken Wall Street Giant Citigroup in global valuation rankings, climbing to $184.20 billion in market capitalization. Citigroup currently holds $183.62 billion.
Beyond Citigroup, XRP has also outpaced companies such as Shopify and Verizon in market valuation. Its global ranking now stands at 94th, positioning the token alongside leading multinational corporations and financial institutions in terms of size.
The company’s On-Demand Liquidity service has been a major factor behind this progress. The platform allows banks and financial institutions to use XRP as a bridge currency for cross-border payments, which gives the asset practical use beyond speculation.
Bullish XRP Setup Targets $3.35 Next
XRP currently trades at $2.98, reflecting a weekly gain of 2.38%. A trader XRP_Cro highlighted that the token has been shaping a bull flag on the weekly chart, with targets as high as $6, $13, and $23 if it clears the $3.60 resistance level.
Dark Defender, a well-followed crypto analyst, pointed out that XRP is beginning to move past its first weekly resistance, setting possible Fibonacci goals at $4.39 and $5.85. Support sits at $2.85, making that level an important area to defend.
The daily chart signals an inverse head-and-shoulders formation. Analysts believe XRP may dip toward $2.78, around 7% lower than the current price, to build the pattern correctly. A daily close above $3.15 could confirm the setup, paving the way for $3.35 targets.
However, a fall under $2.69 would cancel the bullish scenario and indicate a shift toward bearish sentiment.
Fed Decision and Market Bill Shape Sentiment
Investors are also awaiting the September 17 Federal Reserve meeting. A potential interest rate cut could add strength to cryptocurrencies, with analysts expecting fresh institutional and retail interest in XRP if borrowing costs ease.
Additionally, the Market Structure Bill remains a central factor for digital asset traders. The bill aims to bring clarity to the classification of digital assets while granting broader authority to the Commodity Futures Trading Commission.
Crypto America host Eleanor Terrett quoted Senator Cynthia Lummis, saying,
At a fireside chat during CoinDesk’s Policy & Regulation Summit, Senator Cynthia Lummis said the Democrats’ market structure principles helped show Republicans just how few differences there really are between the two sides.
XRP had rallied 14.69% to $3.66 when the House of Representatives approved the bill. With regulatory clarity and institutional interest aligning, the asset’s trajectory is now closely tied to both market momentum and upcoming policy decisions.
