XRP price predictions: Price Jumps 10% and Market Cap Soars to $129B
XRP price predictions: XRP has seen impressive growth today, trading at $2.2965 by 13:32 (18:32 GMT) on the Investing.com Index, marking a significant 10.02% increase within the day. This represents the largest one-day percentage gain for the cryptocurrency since January 1, signaling renewed investor confidence.
This bullish movement has propelled XRP’s market cap to $129.57 billion, which now constitutes 6.80% of the total cryptocurrency market cap. At its peak, XRP’s market cap reached a high of $155.28 billion, showing its potential for future growth.
In the last 24 hours, XRP traded within a range of $2.0815 to $2.2994, demonstrating healthy price volatility. However, the coin has shown minimal movement over the past week, with a slight 1.4% gain over the last seven days. Despite the recent stagnation, XRP’s trading volume surged to $5.53 billion, accounting for 2.32% of the total trading volume across all cryptocurrencies.
Although XRP has experienced a significant jump today, the coin is still 30.20% below its all-time high of $3.29, set back on January 4, 2018. This indicates that while XRP has come a long way, there is still a substantial gap for the coin to recover and potentially exceed its previous record high.
Market Trends: Bitcoin and Ethereum
In addition to XRP, the broader cryptocurrency market also saw action, with Bitcoin trading at $94,245.2, up by 0.41% on the day. Ethereum was slightly down, trading at $3,341.35, showing a 0.61% loss.
Bitcoin’s market cap now stands at $1.86 trillion, making up a dominant 97.60% of the entire cryptocurrency market value. Meanwhile, Ethereum’s market cap is at $401.03 billion, or 21.05% of the total market cap, emphasizing Bitcoin’s dominance and Ethereum’s continued relevance in the market.
Despite a period of stagnation for some coins, the cryptocurrency market remains dynamic, with XRP’s surge today serving as a reminder of the volatility and potential rewards inherent in digital asset trading.
