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XRP Surges Over 10% Amid Broader Crypto Market Rally

ENTHMSVIIDZHZH-TWJAKOHI
Aug 24, 20261 min read
XRP Surges Over 10% Amid Broader Crypto Market Rally

Summary

XRP climbed more than 10% on Friday, marking its most significant single-day percentage gain since August 20, 2026. The rally pushed the cryptocurrency's market capitalization over $86 billion as Bitcoin and Ethereum also posted strong gains.

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Background

XRP saw a significant price surge on Friday, gaining 10.48% to trade at $1.3736 as of 04:59 GMT, according to data from the Investing.com Index. The move marked the cryptocurrency's largest single-day percentage increase since August 20, 2026.

Surge in Detail

The sharp upward movement pushed XRP's total market capitalization to $86.07 billion, accounting for approximately 3.31% of the total cryptocurrency market value. This is still below its peak market cap of $210.60 billion, according to the data.

Over the preceding 24 hours, XRP traded within a range of $1.2597 to $1.4275. The 24-hour trading volume for the asset reached $8.80 billion, representing 5.41% of the total volume across all cryptocurrencies.

Broader Market Context

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The daily gain extends a strong weekly performance for the digital asset. Key metrics for XRP's recent activity include:

  • 7-Day Gain: A rise of 37.66%.
  • 7-Day Trading Range: Between $0.9886 and $1.4275.
  • Distance from ATH: The current price remains 62.42% below its all-time high of $3.66, a level reportedly reached on July 18, 2025.

The rally was not isolated to XRP, as other major cryptocurrencies also advanced. According to Investing.com data, Bitcoin (BTC) rose 6.65% to $77,494.9, while Ethereum (ETH) gained 5.24% to trade at $2,440.15. Bitcoin's market cap stood at $1.55 trillion, or 59.75% of the market, with Ethereum's at $294.21 billion, or 11.31%.

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