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TL;DR XRP has surged by 20% in the last 24 hours, positioning itself to potentially surpass Tether (USDT) as the world's third-largest cryptocurrency by market capitalization. The surge is driven by factors such as SEC Chair Gary Gensler's resignation and the anticipation of Ripple's new stablecoin, RLUSD.
XRP price gained more than 62 percent in in the last week, and achieving less than half of that feat could take it into the $3 territory.
Donald Trump's election win, an anticipated conclusion to the SEC lawsuit and an expected stablecoin project may have contributed to the XRP price surge.
XRP is on an upward tear, with the cryptocurrency trading at its highest price level in about seven years while sustaining significant capital inflows.
XRP's price performance has been a key topic of discussion on the crypto market for many weeks. The price of the popular cryptocurrency has already surpassed $2.50 with the start of the new month; its gain since November is 368%, and its market capitalization has reached a staggering $137 billion.
The crypto market is buzzing with excitement as many analysts are betting high for the biggest altseason ever, potentially starting in the next 8-10 days. Back in late 2021, when Bitcoin's dominance dipped, altcoins exploded with over 140% growth. Experts now see similar conditions brewing, with Bitcoin pushing toward $100,000.
HBAR has shot up by nearly 30% on a daily scale.
The surge in whale activity is coming at a significant time in Ripple's legal battle with the US Securities and Exchange Commission (SEC).
XRP has made a historic comeback as the third-largest coin by market cap, the number of “XRP” Google searches breaking above “crypto.”
Ripple‘s XRP experienced a remarkable surge over the weekend, crossing the $2 mark for the first time in nearly seven years. Data from CryptoSlate shows that XRP reached a peak of $2.50, the highest price since January 2018, before stabilizing at $2.27 at press time.
Renowned investor, financial expert and Gold Bullion International co-founder Dan Tapiero took his X account to praise the massive XRP surge it made over the last month and also to make an important statement about Ripple and this company's CEO.
With a 24-hour increase of 23.2%, XRP has swept the cryptocurrency world by storm, briefly breaking the $2 mark and now trading at $2.33. Its overall market capitalization has increased to $132.08 billion as a result of this surge surpassing Solana to become the fourth-largest cryptocurrency.
The rise of XRP to a $140B altcoin is heavily influenced by the US political shift and notable development of the XRPL network.
XRP is the top performer from the larger-cap alts.
XRP has surged to $2.39, claiming the third spot in cryptocurrency rankings with a $134 billion market cap, amid increased trading activity and growing institutional interest.
It has jumped to the third spot among cryptocurrencies, leaving Tether's USDT in the dust. At the time of writing, the marketcap of XRP has soared to $141.8 billion, overtaking USDT's $134.5 billion.
XRP continued its barnstorming price rally on Sunday, rocketing by around 30%. According to CoinGecko data, the coin has reached a new multi-year high of $2.48.
Despite its recent gains, XRP is still down by over 26% from its peak of $3.4 in January 2018.
Trading volumes of XRP tokens against Korean won hit $3.7 billion on the South Korean crypto exchange Upbit in the last 24 hours as the token flipped USDT in market cap. The post XRP Trading Volume Hits $3.7 Billion on South Korean Exchange Upbit, 10x More Than Bitcoin appeared first on Cryptonews.
XRP, the cryptocurrency associated with Ripple, has reached its highest price in nearly seven years, recently surpassing $1.93.
Crypto analyst Tony Severino said Litecoin is about to pull an XRP, suggesting that the coin could soon enjoy a parabolic rally. The analyst alluded to a bullish indicator on LTC's chart, which showed that the crypto could witness this parabolic rally.
XRP has overtaken BNB in market capitalization, hitting $109 billion compared to BNB's $94 billion
Raoul Pal, a prominent financial expert, has published a tweet commenting on the recent XRP price crazy abrupt growth and admitting to the XRP community he was not quite right about this popular coin.
Veteran trader Peter Brandt recently sparked market optimism with his social media post, hinting at a potential Litecoin price rally to $420. Notably, this comes as the LTC crypto has noted a surge of nearly 21% today with its volume skyrocketing, indicating strong market confidence.
