XRP Surges with Significant One-Day Gain
XRP's Impressive Daily Surge
XRP witnessed a significant increase, trading at $0.41845, marking a 10.29% rise. This surge represents the largest one-day percentage gain since March 21. With this upward movement, XRP's market cap rose to $20.28322 billion, accounting for 1.72% of the total cryptocurrency market cap. Historically, XRP's market cap reached its peak at $83.44071 billion.
Recent Trading Range and Performance
In the last 24 hours, XRP traded between $0.37295 and $0.41865. Over the past week, it has appreciated by 3.79%, trading within a range of $0.3565 to $0.4186. Despite its recent gains, XRP remains significantly below its all-time high of $3.29, recorded on January 4, 2018, down by 87.28%.
Cryptocurrency Market Overview
Bitcoin and Ethereum, two of the largest cryptocurrencies, also experienced positive movements. Bitcoin was valued at $28,037.6, increasing by 0.77%. Ethereum reached $1,811.75, gaining 2.94%. Bitcoin's market cap stood at $543.00081 billion, representing 46.13% of the total cryptocurrency market cap. Meanwhile, Ethereum's market cap was $221.97850 billion, making up 18.86% of the total market value.
Conclusion
XRP's recent performance highlights its potential for recovery, despite its substantial distance from previous highs. As Bitcoin and Ethereum also register gains, the overall cryptocurrency market shows signs of growth and resilience. The fluctuating values underscore the dynamic nature of the cryptocurrency landscape.
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