Key Takeaways
- XRP, according to Investing.com Index, traded at $0.37829 on Tuesday, close to 10.70% that day.
- Since February 7, there has been no record of such a massive one-day percentage in the history of XRP's existence.
There has been a lot of buzz in the market since the ETH merge went live. One of those cryptocurrencies caught in this spotlight is XRP. XRP, according to Investing.com Index, traded at $0.37829 on Tuesday, close to 10.70% that day. Since February 7, there has been no record of such a massive one-day percentage in the history of XRP's existence. It was confirmed to be the highest one-day percentage gain ever recorded. Let us have a look at what is happening to XRP.
Read: These 5 Crypto Could See a Price Boom in September - Time to Buy
XRP Climbs 11% In Bullish Trade
This rise has propelled XRP's market cap higher to $18.78541B, or 2.00% of the entire cryptocurrency market capitalization. At its peak, XRP's market recorded a capitalization of $83.44071B. In the last few hours, XRP has been caught in a whirlwind of several types of trades, with a range between $0.37371 and $0.38978. Incredibly, the rise of XRP's value in the past seven days has taken many by surprise as it garnered 6.4%.
The amount of XRP exchanged in the last twenty-four hours has totaled $2.71442B. This is quite astounding and absorbing. Others claim that it has traded 3.51% of all cryptocurrencies. XRP is on a steady rise, and witty traders are staking to get a share of its incredible profits. It has had a total of $0.3219 to $0.3975 in the last few days.
At its present price, XRP is still not close to its all-time high, which is a whopping $3.29, recorded on the 4th of January, 2018. On the other hand, Ethereum was being exchanged at $1,365.64 with a gain of 4.90%. Let us know what your thoughts are about XRP's sudden rise in the cryptocurrency market. Do you think it is going to drop soon? Visit the comment section and drop your thoughts.
