As a seasoned crypto investor with a knack for spotting trends and a penchant for taking calculated risks, I’ve witnessed my fair share of market fluctuations, but the recent surge of XRP has left me rather impressed. Having been through the 2017 bull run and the subsequent bear market, I must admit that seeing XRP breach its April 2021 high is a sight for sore eyes.
According to CoinGecko’s latest statistics, the digital currency associated with Ripple, known as XRP, has moved up to the fifth spot in terms of market value.
The market value of this cryptocurrency now exceeds that of Binance‘s native token (BNB), which is issued by the well-known crypto titan, Binance. At the moment, they both hold a valuation of approximately $96.7 billion and $96 billion respectively.
XRP is now on the cusp of approaching the much-coveted $100 billion club.
According to a report from U.Today, the value of XRP has risen significantly more than double (over 200%) in November alone, marking its strongest monthly growth since December 2017.
On Friday, the token managed to surpass the key resistance level at $1.60 and extended its rally.
At press time, XRP is changing hands at $1.7, its highest level since April 2021.
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2024-11-29 20:27