Boost

Million

USDC

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In a stunning turn of events, the market capitalization of the renowned cryptocurrency&nbsp;<a href="https://u.today/ripple-cto-wows-xrp-community-with-cryptic-tweet" rel="noopener noreferrer nofollow">XRP</a> witnessed an impressive surge, gaining more than $300 million at the commencement of Sunday's crypto market session.&nbsp;
According to data from&nbsp;<a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">CoinMarketCap</a>, this surge unfolded in tandem with a 1% increase in XRP's price, pushing it to $0.573 per token and elevating the token's market capitalization to over $31 billion.
However, the euphoria was short-lived as the market experienced what is commonly referred to as a roundtrip. The price of XRP retraced to its opening day values, causing the token's capitalization to shrink by the same $300 million. Currently positioned as the sixth-largest cryptocurrency, XRP finds itself nestled between USDC and&nbsp;<a href="https://u.today/scam-alert-mangofarm-on-solana-network-is-product-of-serial-scammer" rel="noopener noreferrer nofollow">Solana (SOL)</a> on the market ranking. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="10ae9a42-1270-4cca-8c16-2028516835f7" src="https://u.today/sites/default/files/inline-images/XRP_1D_graph_coinmarketcap_7.jpeg">XRP market cap by <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
The noteworthy surge in XRP's market cap took place shortly after the announcement of its inclusion in the&nbsp;<a href="https://u.today/xrp-is-back-to-grayscale-digital-large-cap-fund" rel="noopener noreferrer nofollow">Grayscale Digital Large Cap Fund</a>. While the price of XRP showed minimal reaction to the news initially, the sudden and substantial boost in market capitalization suggests a significant influx of large-scale buying activity surrounding the cryptocurrency.
As XRP continues to hold its ground as a major player in the crypto space, market enthusiasts are keenly anticipating how this surge may shape the future price dynamics of the popular&nbsp;<a href="https://u.today/1-billion-in-bitcoin-btc-transferred-from-major-exchange-before-key-bitcoin-etf-ruling" rel="noopener noreferrer nofollow">cryptocurrency</a>. The inclusion in the Grayscale fund has evidently sparked considerable interest and activity around XRP, prompting speculations about potential developments in the near future.

XRP Surges With Whopping $300 Million Market Cap Boost

U_Today

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