XRP skyrockets as market cap jumps $13 billion in a day
XRP has been making waves in the cryptocurrency market, experiencing a dramatic $13 billion inflow in just 24 hours.
Keep up with what's happening in the crypto world in real-time.
XRP has been making waves in the cryptocurrency market, experiencing a dramatic $13 billion inflow in just 24 hours.
XRP, the cryptocurrency associated with the Ripple network, has been navigating a period of consolidation. While there haven't been any major updates in recent developments, XRP's price movement remains significant for traders and investors.
On the first day of the year, Ripple prepared for its first token dump of 2025, reserving 300 million XRP of the 1 billion unlocked tokens, as Finbold warned on Christmas. This is part of a monthly selling pattern originated from XRP's genesis distribution, reserving 80% of its supply to Ripple.
Cryptocurrency markets are surging on the first official trading day of 2025, with the top three coins by market capitalization up between 4% and 11% before U.S. markets open. CRYPTOCURRENCY PRICE 24-HOUR GAINS +/- Bitcoin (CRYPTO: BTC) $96,595 +3.4% Ethereum (CRYPTO: ETH) $3,462 +4.0% XRP (CRYPTO: XRP) $2.40 +10.8% What Happened: XRP has overtaken Tether (CRYPTO: USDT) to become the third-biggest cryptocurrency by market capitalization, surging to $138 billion at the time of writing.
Cryptocurrency analysts of Coinidol.com report, Ripple (XRP) has remained stable, trading above the $2.00 support and below the $2.80 resistance level.
The XRP price ended the month of December at around $2.08 after a period of back and forth between gains and declines. Although it ended December just above the $2 mark, the XRP price went through a bullish period in the first half of the month, which saw it peaking around $2.9, its peak price in over six years.
On Thursday, XRP is currently dancing at a price of $2.36 to $2.40 in the last hour, with a market valuation soaring to $137 billion and a 24-hour trading volume hitting $9.65 billion, bouncing between an intraday range of $2.16 to $2.452.
The price of Ripple (XRP) has surged by over 12% in the past 24 hours, reaching around $2.40 at the time of this recording, but why? One reason could be the overall increase in cryptocurrency prices after the New Year—Bitcoin has surpassed $95K, Ethereum is over $3.4K, and so on.
As 2025 begins with a surge of optimism across the cryptocurrency market, XRP has reclaimed its position among the top three cryptocurrencies by market capitalization. XRP has made a remarkable comeback, moving from fourth to third spot in cryptocurrency rankings.
Ripple price rose for three consecutive days as Bitcoin and other altcoins rebounded on the first trading day of the year, hinting at a potential January Effect. Ripple (XRP) climbed to $2.
As 2025 begins, Ripple XRP has hit the ground running. The XRP price has surged by 12% today following a major XRP transfer worth more than $1 billion.
A well-known and respected wealth mentor in the cryptocurrency world made a bold statement that has got people excited about XRP again. Wealth expert Linda Jones thinks the token could go up to $100 and tells buyers not to wait.
XRP has started the new year on a strong note, as the price increased by 10% in the last 24 hours. This rally comes amid 350 million XRP accumulation within the last two days.
XRP price has multiple shifts in its fundamentals in January, and the coin stays on course to hit $.4.580 as per a bullish pennant pattern
XRP commenced the year with a significant uptick amid a broader cryptocurrency market reboot. This price rally comes as XRP records massive adoption in different regions globally.
XRP is soaring as Ripple's major moves and bullish momentum drive its price to new heights. Learn about the key factors and predictions shaping XRP's 2025 outlook.
XRP surged 10.72% in 24 hours, reaching $2.37, driven by robust metrics and technical indicators.
The cryptocurrency market has started the year off with a bang, seeing its market capitalization rise by more than $160 billion in the last 24-hour period, with the native token of the XRP Ledger standing out after surging more than 13% in that period. The cryptocurrency's rise builds upon a surge that started earlier.
The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has had profound implications for Ripple and the wider cryptocurrency market. Attorney and XRP supporter John Deaton recently highlighted the significant damage caused to Ripple's business due to the lawsuit and revealed the complex interplay of industry leaders, competitors, and regulatory forces that have shaped this high-stakes conflict.
After a monstrous rally during the middle of Q4, 2024, the crypto markets failed to hold the elevated trend, compelling most cryptos to plunge and consolidate within a narrow range. The prices of Ripple (XRP) and Stellar (XLM) also faced a massive pullback that dragged them to the monthly lows.
Bitcoin (BTC) has steadied itself above $95,000 after suffering a year-end rout that drove the cryptocurrency to a low of $91,479 on December 30, before recovering to reclaim $95,000 and move to its current level of $95,413. BTC is up just over 2% over the past 24 hours.
XRP has been showing some significant upside momentum recently. Although this move is primarily seen as a corrective bounce, it was expected. XRP has hit the target zone between $2.42 and $2.45. This target range was specifically selected based on Fibonacci levels, which have been pivotal in defining potential resistance areas.
In the last 24 hours, XRP rose 14%, holding $2.00 support with a bullish reversal pattern. Analysts forecast XRP could range from $1.35 to $2.50 in February 2025.
Ripple CEO Brad Garlinghouse is looking forward to 2025 with optimism, expressing excitement about the company's progress and its focus on practical applications for blockchain technology.
