XRP Sees Significant Daily Surge in Cryptocurrency Market

XRP's Impressive Daily Performance

XRP experienced a significant daily surge, trading at $1.1911 with a 10.05% increase. This marked the cryptocurrency's largest one-day percentage gain since mid-November. The upward movement pushed XRP's market cap to $66.1425 billion, accounting for 2.04% of the total cryptocurrency market cap.

Market Cap and Trading Range Insights

At its peak, XRP's market cap reached $83.4407 billion. Over the previous 24 hours, XRP traded within a range of $1.0797 to $1.1919. Over the past week, XRP has shown a remarkable rise in value, gaining 52.17%. The trading volume in the last 24 hours was $7.2494 billion, representing 3.08% of the total cryptocurrency trading volume. During the week, XRP's price fluctuated between $0.7713 and $1.2608.

Historical Context and Current Price

Despite the recent gains, XRP's current price remains 63.80% below its all-time high of $3.29, which was recorded in January 2018.

Broader Cryptocurrency Market Trends

In the broader cryptocurrency market, Bitcoin was trading at $98,359.2, with a daily increase of 4.96%. Ethereum also saw a gain, trading at $3,351.80 with a 9.87% rise. Bitcoin's market cap stood at $1,940.0427 billion, making up 59.73% of the total market cap, while Ethereum's market cap was $403.4317 billion, comprising 12.42% of the total market value.

By maintaining a focus on these key metrics and trends, investors can better understand XRP's position and movement within the dynamic cryptocurrency landscape.