Crypto Market Growth Fuels XRP
Currently, XRP’s market cap is around $125 billion, representing nearly 2% of the total cryptocurrency market cap, which stands at $3.36 trillion.
EGRAG’s analysis, based on price actions from 2017 and 2021, notes that XRP has seen a decline in market dominance, reaching record lows. However, as XRP recovers in price and surpasses previous highs, it may regain some of its market dominance.
The sentiment surrounding XRP is optimistic, with many anticipating new all-time highs, particularly as Bitcoin also attempts to break the $100,000 mark. As of now, XRP is trading at $2.20, reflecting a 52% increase over the past month. It has a trading volume of over $5.60 billion in the past 24 hours.
