After a recent price surge, Ripple XRP has become the best-performing cryptocurrency by market cap in the top 100. The token’s price is up to $0.7391, surging over 20% in the last 24 hours.
Ripple’s native token is up in market cap, rising over 20% to sit at $40.4B as well. Compared to the five leading cryptocurrencies above it on the charts, including Bitcoin, XRP has been the best performer over the past day. According to recent data, the token is extremely bullish amongst traders, and trading volume has risen over 300%.
While XRP was late to the bullish rally of cryptocurrency, it’s since caught up dramatically. Open interest for XRP, which indicates the total number of outstanding derivative contracts, also saw a notable increase of 30.44%, standing at $1.06 billion.
Also Read: Cryptocurrency: Why XRP Failed To Rally In the Charts?
Ripple XRP’s jump saw a mixture of reactions. While millions in liquidations came with holders looking to cash out, interest in XRP futures also grew. The asset’s market cap sits at $40,157,126,488. Many analysts believe that XRP’s latest surge will see it reach $1 very soon, especially if it finally intersects with the path of the current crypto market surge.
Sophie Anderson, a UK-based writer, is your guide to the latest trends, viral sensations, and internet phenomena. With a finger on the pulse of digital culture, she explores what’s trending across social media and pop culture, keeping readers in the know about the latest online sensations.
