Story
XRP Surges Over 10% in Largest Daily Gain Since February
Summary
The price of XRP climbed more than 10% to top $1.10, marking its most significant single-day percentage increase in months and boosting its market capitalization to nearly $68 billion amid a broader crypto rally.
XRP surged on Wednesday, posting a gain of 10.17% to trade at $1.1018, according to data from the Investing.com Index. The move marked the digital asset's largest single-day percentage increase since Feb. 6.
Price Action and Market Cap
The rally pushed XRP's market capitalization to $67.8175 billion, accounting for approximately 2.91% of the total cryptocurrency market value. At its peak, XRP's market cap reached $210.6006 billion. In the preceding 24 hours, the cryptocurrency traded within a range of $0.9958 to $1.1019.
Over the past week, XRP has seen a notable increase, gaining 7.18%. Despite the recent gains, the token remains 69.86% below its all-time high of $3.66. The 24-hour trading volume for XRP was reported at $2.1299 billion, or 2.41% of the total volume across all cryptocurrencies.
AdBroader Crypto Market Rally
The gains for XRP occurred alongside a significant upward trend in the broader digital asset market. Other major cryptocurrencies also posted strong performance, based on Investing.com data:
- Bitcoin (BTC) was up 7.00% on the day, trading at $69,030.5. Its market cap stood at $1.379 trillion, representing a market dominance of 59.16%.
- Ethereum (ETH) saw an even larger jump, rising 15.15% to $2,198.20. Its market capitalization reached $256.1065 billion, or 10.99% of the total crypto market.
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