XRP is on the cusp of surpassing a $200 billion market capitalization for the first time, with a current market cap of approximately $193.69 billion, marking a 71.75% increase over the past 30 days. The altcoin has risen 35% against Bitcoin in July, a trend suggesting a potential ongoing 'altseason' where capital flows from Bitcoin into altcoins. Analysts see XRP's momentum driving it towards a target of $250 billion, possibly extending its gains to the Fibonacci extension level of $258 billion by year-end. A breakout pattern from a multi-month descending triangle supports this bullish outlook, which mirrors its previous performance late last year. As Bitcoin navigates consolidation, XRP's gains could be indicative of a broader shift in trader sentiment toward top-cap altcoins.

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