XRP Price Surge: A Detailed Overview

XRP's Significant Price Increase

XRP experienced a notable price increase, trading at $0.8948, marking a 15.59% rise in a single day. This represents the largest one-day percentage gain since November. The surge elevated XRP's market capitalization to $50.7835 billion, constituting 1.72% of the total cryptocurrency market.

Market Cap and Trading Range

At its peak, XRP's market cap reached $83.4407 billion. Over the past 24 hours, XRP traded between $0.7713 and $0.9146. The past week has seen XRP's value rise by 62.12%, with trading volumes hitting $13.2988 billion, accounting for 6.54% of the total cryptocurrency trading volume.

Comparison to All-Time High

Despite recent gains, XRP remains 72.80% below its all-time high of $3.29, recorded on January 4, 2018. This context highlights the volatility and potential for recovery in the cryptocurrency market.

Cryptocurrency Market Context

In the broader cryptocurrency market, Bitcoin was valued at $89,714.9, reflecting a modest 0.29% increase. Ethereum, however, experienced a decline, trading at $3,035.78, down by 3.46%.

Market Share Insights

Bitcoin's market cap stood at $1,768.7349 billion, representing 59.94% of the entire cryptocurrency market. Ethereum's market cap was $364.4843 billion, accounting for 12.35% of the market. These figures underscore the dominant positions of Bitcoin and Ethereum in the cryptocurrency landscape.

This overview of XRP's recent performance provides a snapshot of its market movements, offering insights into the dynamics of the cryptocurrency market.