XRP Rises 10% Amid Positive Market Activity

XRP was trading at $0.4968 as of 00:26 (04:26 GMT) on Saturday, reflecting a significant increase of 10.07% for the day. This represents the largest single-day percentage gain since March 11.

This upward movement increased XRP’s market capitalization to approximately $27.59 billion, accounting for 1.29% of the total cryptocurrency market cap. At its peak, XRP’s market cap was around $83.44 billion.

In the past 24 hours, XRP’s trading range fluctuated between $0.4738 and $0.4968. Over the last week, XRP’s value has appreciated by 15.53%. During the 24-hour period leading up to this report, XRP’s trading volume was about $1.71 billion, making up 3.08% of the total volume across all cryptocurrencies. In the week preceding this moment, the trading range was between $0.4036 and $0.4968.

Despite the recent gains, XRP remains down by 84.90% from its all-time high of $3.29, which was reached on January 4, 2018.

In other cryptocurrency trading news, Bitcoin was priced at $57,802.70, representing a 1.55% increase for the day. Ethereum’s price stood at $3,116.80, reflecting a gain of 1.00%. Currently, Bitcoin’s market cap is approximately $1.14 trillion, which makes up 53.25% of the overall cryptocurrency market cap, while Ethereum boasts a market cap of about $375.18 billion, or 17.51% of the total cryptocurrency market value.