Today, XRP went through a surprising spike, leading to a substantial $1.7 billion boost in its market value in just a few hours. According to data from CoinMarketCap, XRP‘s value jumped from $33.21 billion to an impressive $35.3 billion, signifying a notable achievement for this digital asset.
XRP’s market value grew significantly due to a notable price rise from $0.588 to $0.643, representing a substantial 6.76% improvement. This price jump made XRP one of the top performing large-crypto assets in the last 24 hours, generating considerable buzz and interest among traders.
XRP in top 600
As the price of XRP rose sharply, there was also a noticeable jump in trading activity. According to CoinMarketCap, the number of spot trades increased by 54.46%, amounting to a substantial $2.44 billion. Meanwhile, CoinGlass reported a substantial 78.76% increase in derivatives trading, which reached $2.29 billion.
In total, the trading volume from all transactions reached over $4.7 billion during a single day, demonstrating intense interest and high levels of token trading activity.
XRP’s market value of $35.3 billion places it among the most significant players in the financial world, outpacing companies like Electronic Arts, RyanAir, and Baker Hughes in size.
Among all companies worldwide, XRP ranks around the 600th position. In terms of the cryptocurrency market, XRP occupies the sixth spot, situated between Solana (SOL) and USD Coin (USDC).
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2024-04-09 17:42