Ripple Jumps 20.18% as Investors Gain Confidence

On Friday, a notable increase in Ripple’s trading price was observed, reaching $0.36547 at 18:28 (22:28 GMT), which marked a 20.18% rise for the day. This represented the largest single-day percentage gain since August 17.

As a result of this upward movement, Ripple’s market capitalization surged to $14.12 billion, accounting for 6.37% of the total cryptocurrency market cap. At its peak, Ripple’s market cap was recorded at $79.53 billion.

In the previous 24 hours, Ripple’s trading fluctuated between $0.29113 and $0.36547. Over the past week, the cryptocurrency has appreciated by 11.2%. During the last 24-hour period, trading volume for Ripple was $422.30 million, contributing to 2.59% of the overall volume across all cryptocurrencies. The price range for Ripple over the past week was between $0.24706 and $0.36547.

Despite the recent gains, Ripple remains significantly down, approximately 88.89% from its all-time high of $3.29, which was reached on January 4.

In other cryptocurrency trading updates, another cryptocurrency had reached $6,532.9, reflecting a 3.81% increase for the day. Another asset was priced at $313.02, gaining 9.12%.

As for market capitalizations, Bitcoin’s was recorded at $112.97 billion, representing 50.98% of the total cryptocurrency market cap, while Ethereum’s market cap stood at $31.78 billion, making up 14.34% of the overall market value for cryptocurrencies.