As a seasoned researcher who has closely followed the cryptocurrency market for over a decade, I must say that witnessing XRP‘s resurgence to the top three positions is nothing short of astonishing. The rapid price surge and increased trading volume have been reminiscent of the 2017 bull run, a time I remember quite vividly.
The renewed interest in cryptocurrencies, with Bitcoin breaching the $96,000 mark, paints an optimistic picture for the industry as a whole. However, it’s XRP’s performance that has caught my attention the most. The digital asset’s ability to bounce back from lows of $2.01 on Dec 31st to current levels of $2.41 within days is truly impressive.
The surge in trading volume, particularly on Upbit, adds credence to the belief that South Korean traders can significantly influence prices. It’s almost as if we’ve stepped back into the 2017 time machine!
Ripple CEO Brad Garlinghouse’s message to the XRP community echoes my sentiments. As we move forward into 2025, it’s clear that momentum and real-world utility are building for XRP. I can only imagine what the rest of this year holds – maybe even a ride on the rocket ship to the moon!
On a lighter note, I remember when XRP was just a blip on the radar, and now it’s leading the charge in the crypto market. It just goes to show that sometimes, the underdog can come out on top. After all, who would have thought a digital asset based on a payment system would be worth billions today? Maybe next, we’ll see Dogecoin or Shiba Inu taking over!
2025 kicks off with high spirits in the cryptocurrency sector, and XRP finds itself back amongst the leading trio of digital currencies based on market value. After experiencing a significant resurgence, XRP has managed to move up from its previous fourth place position in the cryptocurrency rankings.
2025’s opening days have seen XRP climb into the top three cryptocurrencies, driven by a noteworthy price jump of approximately 17%. This upward trend is observed as the overall crypto market witnesses a resurgence in bullish sentiment, leading to substantial increases in various digital currencies.
In the last day, significant gains were seen among the major cryptocurrencies, including Bitcoin (BTC), which climbed over $96,000, recovering from earlier setbacks.
Currently, the price of XRP stands at approximately $2.41, and its total market value has reached an impressive $138.21 billion. This places XRP ahead of Tether (USDT), whose current market capitalization is around $137.28 billion, securing the third position in the crypto rankings.
Starting from a low of $2.01 on New Year’s Eve, XRP has been climbing and reached a peak of $2.447 during Thursday’s trading session. If it continues to rise and closes in the positive today, this will mark the third consecutive day of growth for XRP.
XRP tops volume on major crypto exchange Upbit
In the past 24 hours, the trading volume for XRP has dramatically increased by 140%, reaching an impressive $10.94 billion, as reported by CoinMarketCap. The significant surge in trades is primarily driven by over $1.3 billion in transactions on Upbit, a cryptocurrency exchange that primarily serves the Korean market, with the XRP/KRW (XRP-Korean Won) pair being the most active.
Traders from South Korea often spur lively surges in cryptocurrency values, increasing demand and potentially affecting market prices.
2025 has seen a robust start for Ripple’s XRP, and Ripple CEO Brad Garlinghouse, in a message to the XRP community, conveyed his enthusiasm as the momentum carries on: “Greetings to the XRP Family and all of crypto! I am thrilled for the year ahead. The momentum and growing emphasis on real-world applications persist.
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2025-01-02 17:03