$XRP , the sixth-largest cryptocurrency by market cap, has surged 26.47% in the past 24 hours to reach a market cap of $79.70 billion, the highest since the 2021 bull market. With the potential introduction of XRP spot exchange-traded funds (ETFs) in the U.S., the altcoin could continue to rally.
CoinMarketCap data shows that XRP is up 74.02% over the past week and up 163.43% over the past 30 days. The cryptocurrency is trading at $1.40, down 63.49% from its all-time high of $3.84 reached seven years ago in January 2018. Since November 2023, XRP has risen 135.64%.
XRP hit a three-year high of $1.43, with investors expecting the cryptocurrency to rebound after three years of stagnation. Trading volume has surged 142.43% to $16.15 billion in the past 24 hours as investors react to comments from Ripple CEO Brad Garlinghouse.
In a recent interview, Garlinghouse highlighted that XRP was the second-largest digital asset by market cap before the U.S. Securities and Exchange Commission (SEC) intervened in the crypto space. He said it was time to make up for lost time.
