XRP Sees Largest One-Day Gain Since November

XRP's Significant Price Surge

XRP experienced a notable increase in value, trading at $0.73822, marking an 11.29% rise. This surge represents the largest one-day percentage gain since November 13. Consequently, XRP's market capitalization increased to $37.98 billion, accounting for 2.69% of the total cryptocurrency market cap. Historically, XRP's market cap reached a peak of $83.44 billion.

Recent Trading Range and Performance

In the past 24 hours, XRP traded within a range of $0.64231 to $0.73827. Over the past week, XRP's value showed minimal movement, with a slight increase of 0.99%. The trading volume for XRP in the last 24 hours stood at $1.74 billion, which is 2.89% of the total volume across all cryptocurrencies. During the past week, XRP's trading range fluctuated between $0.6343 and $0.7383.

Historical Context and Current Standing

Despite the recent surge, XRP remains significantly below its all-time high of $3.29, set on January 4, 2018, reflecting a 77.56% decrease from that peak. This context highlights the volatility and the long-term challenges XRP faces in regaining its former highs.

Cryptocurrency Market Overview

In comparison, Bitcoin recently traded at $36,745.3, experiencing a slight decline of 1.05%. Meanwhile, Ethereum saw a modest increase, trading at $2,082.25 with a 1.46% gain. Bitcoin's market cap is currently $718.49 billion, representing 50.82% of the total market cap, whereas Ethereum accounts for 17.76% with a market cap of $251.13 billion.

Overall, XRP's recent performance indicates significant short-term gains, yet it remains far from its historical highs, highlighting the dynamic and unpredictable nature of the cryptocurrency market.