XRP Jumps 16% as Investors Boost Confidence

XRP was trading at $0.6188 around 16:18 (20:18 GMT) on Thursday, experiencing a notable increase of 15.52% for the day. This marked the largest one-day percentage gain since August 7.

The upward movement raised XRP’s market capitalization to approximately $34.92 billion, representing 1.67% of the total cryptocurrency market cap. At its peak, XRP’s market cap had reached $83.44 billion.

In the previous twenty-four hours, XRP fluctuated between $0.5794 and $0.6408. Over the past week, the cryptocurrency has increased in value by 7.07%. The trading volume for XRP in the last twenty-four hours was around $5.94 billion, accounting for 6.30% of the overall trading volume in the cryptocurrency market. In the past week, XRP’s trading range was between $0.4327 and $0.6418.

Despite the recent gains, XRP is still down 81.19% from its all-time high of $3.29, which was achieved on January 4, 2018.

In other cryptocurrency news, Bitcoin was last recorded at $59,489.10, reflecting an increase of 8.02% for the day. Ethereum’s price was noted at $2,573.74, marking a gain of 9.42%. Bitcoin’s market cap stood at approximately $1.17 trillion, representing 56.19% of the total cryptocurrency market cap, while Ethereum’s market cap was around $310.02 billion, making up 14.87% of the total market value.