XRP Surges Nearly 13% in Largest Daily Gain Since February

XRP surged by nearly 13% on Thursday, marking its most significant single-day percentage gain since early February. The price rally pushed the digital asset to a trading value of approximately $1.2417, according to data from the Investing.com Index.

Price Action and Volume

The sharp upward move boosted XRP's total market capitalization to $77.89 billion, representing about 3.16% of the entire cryptocurrency market's value. Data showed the token trading within a 24-hour range of $1.0881 to $1.3419.

Over the past seven days, XRP has seen a substantial increase of 23.07%. During this period, its 24-hour trading volume reached $7.45 billion, accounting for 5.06% of the total volume across all cryptocurrencies. Despite the recent gains, XRP remains down approximately 66.03% from its all-time high of $3.66.

Ad

Broader Market Context

XRP's rally occurred alongside a positive trend in the wider digital asset market. Other major cryptocurrencies also posted notable gains during the same period.

• Bitcoin (BTC), the market leader, was up 5.13% to trade at $72,617.50. Its market cap stood at $1.46 trillion, commanding 59.36% of the market.
• Ethereum (ETH), the second-largest cryptocurrency, rose 4.80% to $2,317.30, with a market cap of $280.87 billion, or 11.38% of the total market.