Search
Home
/
News
/
XRP jumps 10.1%, hitting recent high and reshaping crypto market cap.

XRP jumps 10.1%, hitting recent high and reshaping crypto market cap.

TraderKnowsTraderKnows
11-26
SummaryXRP rose by 10.1% on November 27, bringing its total market capitalization to $83.739 billion, marking a cumulative increase of 30.22% for the week, as the cryptocurrency market experienced a significant rebound.

11.26 Bitcoin

On Monday (November 27), XRP experienced a strong rebound, with its price rising by 10.10% to $1.4703 by 20:58 Beijing time (12:58 GMT). This marks the largest single-day gain since November 22, 2024, pushing XRP's total market capitalization up to $83.7389 billion, accounting for 2.49% of the total cryptocurrency market value. Although slightly away from its historical peak market value of $84.0622 billion, this performance demonstrates investors' strong confidence in the currency.

Short-term Fluctuations and Market Performance

Over the past 24 hours, XRP's price ranged between $1.3583 and $1.5367, showing strong market activity. Meanwhile, XRP's 24-hour trading volume reached $12.2631 billion, accounting for 6.08% of global cryptocurrency trading volume. Over the past seven trading days, XRP has risen by 30.22%, with trading ranging between $1.0584 and $1.6292.

Despite the recent strong performance, XRP is still 55.31% below its all-time high of $3.29 set on January 4, 2018. This indicates that although XRP is regaining momentum, there remains a significant gap from its peak.

Overall Trends in the Cryptocurrency Market

Echoing XRP's strong rise, Bitcoin and Ethereum also performed remarkably. As of writing, Bitcoin's price rose by 1.10% to $97,922.7, with a total market capitalization of $1.941874 trillion, accounting for 57.69% of the total cryptocurrency market value. Ethereum showed an even more prominent rise, with its price increasing by 5.20% to $3,489.45, and a total market capitalization of $420.5476 billion, accounting for 12.49% of the market.

Notably, the strong performance of Bitcoin and Ethereum is also providing a supportive effect for other crypto assets. The overall market is experiencing a wave of bullish sentiment, primarily benefiting from the improved macroeconomic environment and investors' continued optimism about blockchain technology.

Future Outlook

XRP's recent performance has once again attracted market attention, especially against the backdrop of gradually easing global cryptocurrency regulations. Analysts point out that XRP's rebound may be driven by its practical application in the field of cross-border payments, as well as positive developments in recent litigation. Additionally, as the cryptocurrency market gradually recovers, the market dominance of Bitcoin and Ethereum may further consolidate, while the performance of XRP and other major cryptocurrencies is expected to continue improving.

Investors should focus on the macro trends of the entire cryptocurrency market, including the future dynamics of the Federal Reserve's policies, global inflation levels, and major economies' supportive policies for blockchain technology, as these will be key factors impacting the market's future performance.

Business Cooperation Skype ENG

Business Cooperation Telegram Eng

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End

You Missed

Wiki

Forex trading, or FX, is the global market for buying and selling currencies. Known for high liquidity and 24/5 trading, it offers profit opportunities but carries risks like market volatility and leverage.

Organization

You Missed

Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.

Contact Us
Social Media
Region
Region
Contact