The XRP price has surged over 40% in the past week, reaching above 3.59 USD each, bringing the market capitalization to over 210 billion USD – ranking third after Bitcoin and Ethereum.
XRP's breakthrough not only creates a record high price but also elevates the total market capitalization of this cryptocurrency to the top, affirming its solid position in the global cryptocurrency market.
MAIN CONTENT
XRP's price increased by over 40% in just one week.
The current XRP price is 3.593 USD/coin, the highest ever.
XRP's market capitalization exceeds 210 billion USD, ranked third in the cryptocurrency market.
How much has XRP's price surged in the past week?
XRP has experienced a price increase of over 40% in just 7 days according to data from 18/7/2024, proving significant investor interest and strong capital inflow into the market. This helps XRP conquer a record high price, showcasing the strength and growth potential of this coin.
The fact that XRP reached a price above 3.59 USD signifies a strong recovery and sets a foundation for sustainable growth for the cryptocurrency market in general.
Nguyễn Minh Tuấn, Investment Director, TechInvest Securities Company, 18/7/2024
How does the current XRP price affect the cryptocurrency market?
The XRP price exceeding 3.59 USD has raised its market capitalization to over 210 billion USD, making XRP the third largest cryptocurrency by market cap, just behind Bitcoin and Ethereum. This reflects strong investor confidence and XRP's increasingly important position in the global cryptocurrency ecosystem.
XRP is currently regarded as one of the most promising coins in terms of liquidity and application, contributing to diversity in the cryptocurrency capital market.
Trần Thị Hương, Cryptocurrency Analyst, Q2/2024 Market Report
Overview of market capitalization breakthrough and its impact on the cryptocurrency ecosystem
The remarkable growth in price and market capitalization of XRP not only marks a new record but also strengthens its competitive position in the Top 3 largest cryptocurrencies in the world. This contributes to increased liquidity, expands trading opportunities, and promotes the development of applications related to XRP in the current DeFi protocols and fast remittance sector.
Frequently Asked Questions
1. How long did it take for the XRP price to rise over 40%?
XRP has increased in price by over 40% within a week, according to the latest update from mid-July 2024 with mainstream market data.
2. What does XRP's market capitalization mean?
A market capitalization above 210 billion USD helps XRP rank third among large cryptocurrencies, demonstrating financial strength and investor trust.
3. Can XRP surpass Ethereum or Bitcoin?
Currently, XRP has not surpassed Bitcoin and Ethereum in market capitalization, but the strong growth indicates positive potential for the future.
4. Why did XRP surge in price?
A large influx of investment funds, along with positive news and new applications in the DeFi ecosystem, supports XRP's price increase.
5. What should investors pay attention to when investing in XRP?
Keep a close watch on price movements, market trends, and related events to make reasonable investment decisions and manage risks effectively.
Source: https://tintucbitcoin.com/xrp-lap-dinh-moi-tren-359-usd/
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