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XRP Experiences Significant Surge Amid Cryptocurrency Market Trends

XRP sees a notable daily rise, impacting its market cap and highlighting trends in the broader cryptocurrency market.
Published on 2024-11-12

XRP's Notable Surge

XRP experienced a significant surge, trading at $0.6395, marking a daily increase of 10.77%. This rise was the largest one-day percentage gain since early August. The upward movement boosted XRP's market cap to $35.2445 billion, representing 1.17% of the total cryptocurrency market cap. Despite this increase, XRP remains 80.56% below its all-time high of $3.29 set in January 2018.

Trading Range and Volume

In the past 24 hours, XRP traded between $0.5984 and $0.6395. Over the past week, the cryptocurrency has seen a 20.63% rise in value, with a trading range spanning $0.5141 to $0.6395. During the last 24 hours, the trading volume for XRP reached $4.6099 billion, accounting for 1.45% of the total volume of all cryptocurrencies.

Broader Cryptocurrency Market Trends

Elsewhere in the cryptocurrency sector, Bitcoin was valued at $88,840.7, reflecting a daily increase of 9.26%. Similarly, Ethereum traded at $3,370.42, gaining 6.95%. Bitcoin's market cap stood at $1,760.9862 billion, making up 58.71% of the total cryptocurrency market cap. Meanwhile, Ethereum's market cap was $405.9426 billion, representing 13.53% of the total market value.

This performance highlights ongoing trends and volatility in the cryptocurrency market, with XRP's significant gains capturing attention against the backdrop of broader market movements.

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