XRP Experiences Significant Price Surge

XRP Market Performance

XRP experienced a substantial price increase, trading at $2.6368, marking a 10.30% rise. This was the most significant one-day gain since December 2. The surge in value elevated XRP's market cap to $147.4549 billion, accounting for 3.92% of the total cryptocurrency market cap. At its peak, XRP's market cap reached $155.2807 billion.

Trading Range and Volume

In the last 24 hours, XRP traded between $2.4423 and $2.6368. Over the past week, its value increased by 16.29%, with a trading volume of $14.0771 billion, representing 6.87% of the overall cryptocurrency volume. The weekly trading range for XRP was between $2.2355 and $2.6381.

Comparison to All-Time High

Despite the recent gains, XRP remains 19.85% below its all-time high of $3.29, which was recorded on January 4, 2018. This indicates that while XRP is experiencing growth, it has not yet reached its historic peak.

Broader Cryptocurrency Market

In the broader cryptocurrency market, Bitcoin was trading at $107,013.3, up 2.23%. Ethereum also saw a modest increase, trading at $4,016.88, a gain of 1.89%. Bitcoin's market cap stood at $2,123.4001 billion, comprising 56.44% of the total market cap, while Ethereum's market cap was valued at $484.7457 billion, making up 12.88% of the market.

This data highlights the dynamic nature of the cryptocurrency market, with XRP making significant strides amidst fluctuating trends in major cryptocurrencies like Bitcoin and Ethereum.