XRP rises by 11% - price rise in full swing

XRP rises by 11% - price rise in full swing

XRP rises by 11% – price rise in full swing

XRP price is experiencing a rapid increase of 11.44% and reached a value of $0.52483 at 5:28 p.m. (15:28 GMT) on Thursday, according to the Investing.com Index. This means that the cryptocurrency has recorded its largest daily percentage gain since July 13th.

This recent uptrend also has an impact on XRP’s market capitalization. The value rose to an impressive $24.89220 billion or 2.09% of the total market capitalization of all cryptocurrencies. At its peak, XRP's market capitalization even reached $83.44071 billion.

Over the last 24 hours of trading, the price of XRP ranged from $0.46960 on the downside to $0.52483 on the upside.

Over the past seven days, the value of XRP has remained slightly stagnant, increasing by just 1.8%. The average trading volume of XRP in the last 24 hours was $669.10325 million, or 2.45% of the total volume of all cryptocurrencies. In the past 7 trading days, the value of XRP fluctuated between $0.4586 on the downside and $0.5248 on the upside.

Compared to the all-time high of $3.29 on January 4, 2018, the current price of XRP is 84.05% lower.

What about other cryptocurrencies?

According to the Investing.com Index, the Bitcoin price also recorded a slight increase of 0.66% and was most recently at $30,761.9.

Ethereum, on the other hand, rose 0.55% to $1,894.24, according to the Investing.com Index.

Bitcoin's market cap is currently $593.94442 billion, or 49.90% of the total market cap of all cryptocurrencies. Ethereum market cap is $226.29608 billion or 19.01% of the total market cap.

The price increase of XRP clearly shows the current strength and potential of this cryptocurrency. It remains to be seen how developments on the crypto market will continue and what impact this will have on other cryptocurrencies.