XRP Price Surge: XRP Sees Double-Digit Gains, Market Cap Rises
XRP Price Surge: A Significant Leap in Value
XRP saw a notable surge, rising 10.07% in a single day, its highest gain since September 22. This upward movement boosted its market cap to $24.97012 billion, representing 2.67% of the total cryptocurrency market cap.
Recent Trading Range and Volume
In the past 24 hours, XRP traded between $0.47844 and $0.50659. Over the last seven days, its value remained relatively stable, with only a 1.91% change. The 24-hour trading volume reached $2.76481 billion, accounting for 3.18% of the total cryptocurrency volume.
Long-Term Perspective
Despite the recent gains, XRP remains 84.78% below its all-time high of $3.29, achieved on January 4, 2018. This highlights the significant decline the cryptocurrency has experienced since its peak.
Broader Cryptocurrency Market
Bitcoin and Ethereum also saw gains, with Bitcoin rising 3.13% to $19,605.4 and Ethereum increasing 3.65% to $1,319.96. Bitcoin's market cap dominates at $376.11072 billion, while Ethereum's stands at $162.17926 billion.
Conclusion
XRP's recent surge is a positive sign for investors, though it remains far from its former glory. The cryptocurrency market continues to show volatility, with major players like Bitcoin and Ethereum also experiencing fluctuations.
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