XRP has demonstrated extraordinary strength in the cryptocurrency market, surging 38.5% in the last 24 hours to reach $2.66, with its market capitalization now exceeding $151.78 billion.
This remarkable performance extends across multiple timeframes, with gains of 80.8% over seven days, 134.3% over two weeks, and an impressive 419.9% monthly return.
XRP Market Performance and Metrics
The cryptocurrency’s trading volume has reached unprecedented levels at $95.41 billion in the past 24 hours, indicating substantial market interest.
According to Coincodex data, XRP currently commands 4.40% of the total cryptocurrency market capitalization, securing its position as the third-largest cryptocurrency globally.
XRP’s current price movement must be viewed in the context of its historical performance. The token’s all-time high of $3.92 was established on January 4, 2018, while its lowest point of $0.002802 was recorded on July 7, 2014.
Since its cycle low of $0.113268, XRP has demonstrated remarkable recovery, reaching a recent cycle high of $2.85.
The current circulating supply stands at 57.05 billion XRP out of a maximum supply of 100 billion. The yearly supply inflation rate is 5.87%, with 3.16 billion XRP created in the past year. This controlled supply expansion has not dampened price appreciation, suggesting strong market absorption of new tokens.
The Fear & Greed Index reading of 80 indicates “Extreme Greed” in the market, while overall price prediction sentiment remains bullish.
This enthusiasm, coupled with XRP’s significant gains across all timeframes and its position as a leading Layer 1 protocol, suggests continued momentum in the near term, though investors should remain mindful of potential volatility given the rapid price appreciation.
