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XRP Surges in Market Influence as It Outpaces Ethereum and Solana on Coinbase

Veronicah Peninah by Veronicah Peninah
August 1, 2025
in Market, News
Reading Time: 4 mins read
XRP Surges in Market Influence as It Outpaces Ethereum and Solana on Coinbase
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  • XRP surpassed Ethereum in Coinbase revenue, signaling rising investor preference.
  • Technical charts show XRP nearing a historic monthly close above $3.09.
  • Despite short-term drop, XRP holds bullish structure and market cap near $175 billion

XRP is emerging as one of the most valuable assets in the cryptocurrency market, both in investor activity and technical momentum. In the second quarter of 2025, XRP accounted for 13% of Coinbase’s transaction revenue, surpassing Ethereum’s 12%. Even more significantly, across the first half of 2025, XRP maintained a 16% share, ahead of Ethereum’s 11%. 

These figures reflect a growing interest and confidence in XRP, especially as other leading assets show signs of decline. Solana, by comparison, failed to meet Coinbase’s 10% revenue threshold for disclosure. This shifting dynamic underlines XRP’s growing dominance on trading platforms and among investors.

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XRP holders are the most valuable in the whole of crypto.$XRP accounted for a higher percentage of Coinbase trading revenue than $ETH or $SOL.

(Source: Coinbase Q2 2025 earnings) pic.twitter.com/6VQc1FwWgi

— Dom | EasyA (@dom_kwok) August 1, 2025

Trading Strength and Technical Breakout

XRP’s strong trading presence isn’t just limited to volume it’s backed by compelling technical signals. Analyst EGRAG CRYPTO reports that XRP is nearing its highest monthly close in history, currently hovering around $3.0972. This would mark a major technical breakout from a long-standing descending channel, hinting at a potential macro bullish reversal.

Source: X

Key resistance targets lie at $3.30 and $4.34 based on Fibonacci extension levels. These targets could become realistic if XRP holds above the psychological $3.00 mark. 

XRP Dominance and Market Confidence

In another analysis, EGRAG CRYPTO emphasized the importance of XRP’s market dominance. Currently positioned around the 4.5% threshold, XRP is holding within a bullish pennant formation. Maintaining this level is critical for preserving upward momentum on the monthly chart.

The asset has recently broken out of a previous technical formation and is now testing that breakout point. This suggests a healthy retest, which often precedes the next leg higher in bullish cycles. XRP needs to remain above $3.03 in the coming hours to cement its historic monthly close.

#XRP Dominance – Still in the Most Bullish Formation! #XRP Dominance is currently navigating a crucial threshold! It’s vital that it remains above 4.5% to keep the bullish pennant formation intact. 📈 Remember, we’re analyzing this on a monthly time frame, which means the… pic.twitter.com/8Mdwou7sU7

— EGRAG CRYPTO (@egragcrypto) August 1, 2025

Caution Amid Short-Term Volatility

Despite the long-term optimism, XRP has faced short-term price pressure. As of now, it trades at $2.94, reflecting a 6.76% drop in the past 24 hours. Over the past week, the price has declined by 4.41%. 

However, the broader market outlook remains positive. XRP still commands a substantial market cap of $174.6 billion and shows high daily trading volume.

Tags: Ripple (XRP) News

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