XRP Soars 11% in Bullish Trading

XRP was trading at $0.5666 by 16:16 (20:16 GMT) on Wednesday, marking an increase of 10.61% for the day. This represents the largest one-day percentage gain since August 7.

This upward movement raised XRP’s market capitalization to approximately $29.58 billion, accounting for 1.53% of the total cryptocurrency market cap. At its peak, XRP’s market cap reached around $83.44 billion.

In the preceding 24 hours, XRP fluctuated between $0.4930 and $0.5666. Over the past week, however, XRP has experienced a decline, losing 16.6% of its value. The trading volume for XRP in the last 24 hours amounted to $1.55 billion, or 1.63% of the total cryptocurrency trading volume. During the past week, the price range for XRP was between $0.4327 and $0.6300.

Despite the recent gains, XRP’s current price is still down 82.78% from its all-time high of $3.29, which was reached on January 4, 2018.

In other cryptocurrency news, Bitcoin was last seen at $54,923.2, representing a drop of 2.84% on the day. Ethereum’s price was recorded at $2,345.35, reflecting a decline of 5.99%. Bitcoin’s market cap stood at approximately $1.08 trillion, making up 56.01% of the total cryptocurrency market value, while Ethereum’s market cap was around $283.09 billion, constituting 14.66% of the overall market.