XRP Rises 10% as Investors Boost Confidence

XRP was trading at $0.5153 as of 01:52 (05:52 GMT) on Tuesday, experiencing a significant increase of 10.04% for the day. This marked the largest one-day percentage gain since July 13.

This upward movement elevated XRP’s market capitalization to $28.7086 billion, representing 1.45% of the total cryptocurrency market cap, although it had previously reached a high of $83.4407 billion.

In the preceding twenty-four hours, XRP traded within a range of $0.4885 to $0.5156. However, over the past week, XRP has seen a decline in value of 14.24%. During the twenty-four hours leading up to this report, the trading volume for XRP was $3.346 billion, accounting for 1.71% of the total volume across all cryptocurrencies, with a weekly trading range of $0.4327 to $0.6581.

Despite the recent gains, XRP remains down 84.34% from its all-time peak of $3.29, which was recorded on January 4, 2018.

In the broader cryptocurrency market, Bitcoin was priced at $55,966.3, reflecting a daily increase of 6.09%. Meanwhile, Ethereum was trading at $2,523.14 with a gain of 9.38%. Bitcoin’s market cap was estimated at $1,099.8684 billion, making up 55.69% of the overall cryptocurrency market cap, while Ethereum’s market cap stood at $302.0146 billion, or 15.29% of the total cryptocurrency market value.