XRP Surges with Significant Market Gains

XRP's Impressive Market Performance

XRP recently experienced a substantial increase, trading at $0.55080, marking a 10.05% gain in a single day. This surge is notable as it represents the largest one-day percentage gain since March 21. The upward movement elevated XRP's market cap to $28.31 billion, accounting for 2.40% of the total cryptocurrency market cap. Despite this increase, XRP's market cap remains significantly below its peak of $83.44 billion.

Trading Range and Volume

Over the past 24 hours, XRP traded between $0.51446 and $0.58209. Additionally, it has shown a remarkable rise of 25.1% over the past week. The trading volume for XRP reached $4.46 billion, which constitutes 9.08% of the total cryptocurrency trading volume. In the last seven days, XRP's price fluctuated between $0.4118 and $0.5821.

Historical Context

Despite the recent gains, XRP is still down by 83.26% from its all-time high of $3.29, recorded on January 4, 2018. This context is crucial for understanding its current market position and potential recovery trajectory.

Comparison with Bitcoin and Ethereum

In the broader cryptocurrency landscape, Bitcoin was trading at $28,238.0, reflecting a 5.11% increase, while Ethereum was at $1,797.27, with a 3.53% gain. Bitcoin's market cap stands significantly higher at $546.12 billion, representing 46.26% of the total market cap. Ethereum follows with a market cap of $220.16 billion, making up 18.65% of the total market value.

These comparisons highlight XRP's notable performance amidst major cryptocurrencies, emphasizing its potential to capture market attention.