when

Billion

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Popular cryptocurrency&nbsp;<a href="https://u.today/xrp-golden-cross-secured-up-now" rel="noopener noreferrer nofollow">XRP</a> has witnessed a substantial surge in market capitalization, increasing by over $3.2 billion within a 24-hour period, according to data from&nbsp;<a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">CoinMarketCap</a>. This surge has seen XRP's market valuation rise from $31.51 billion to $34.55 billion, marking a significant 9.5% increase.
Currently positioned as the sixth-largest digital asset by market capitalization, XRP's recent surge further solidifies token's prominence within the crypto market. Comparatively, this places XRP in a similar league by size to globally recognized companies such as Baker Hughes or KIA. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="d0b6b318-d9d6-44c2-94ac-1d96a48ef21b" src="https://u.today/sites/default/files/inline-images/XRP_8.png">XRP Market Cap by <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
The surge in market capitalization aligns with a notable increase in&nbsp;<a href="https://u.today/xrp-shib-bitcoin-emerge-as-most-angry-cryptocurrencies-amid-455-million-crypto-bloodbath" rel="noopener noreferrer nofollow">XRP's price</a> as it is one of the top-performing tokens among the top 10 cryptocurrencies over the past day. With a 6% price increase, XRP has reached $0.63 per token.&nbsp;
Although not a new peak for XRP, this price point represents a substantial recovery from recent declines observed when its price fell to $0.568 per XRP, amid a broader market downturn just two days ago.
This surge is indicative of investor interest, as buyers have shown the willingness to capitalize on market opportunities, driving demand and subsequently elevating XRP's price. With investors demonstrating confidence and adaptability, XRP stands poised to take center stage in the upcoming days amid the volatile dynamics of the crypto market.

XRP Suddenly Adds $3 Billion to Market Cap in Just 24 Hours

U_Today

Other articles published on Mar 21, 2024

Breaking: Elon Musk’s X Payments Receives New Licenses for Launch This Year

XRP: Major Exchanges See 45 Million XRP Influx, Price Surges 5%

US Lawmaker Highlights Ripple Ruling – A Game Changer, Slams SEC Approach Over Crypto Industry

Hot New AI Meme Coin $SCOTTY Debuts With A Parabolic Pump

Bitcoin Faces Potential Downturn As Profits Are Taken, Glassnode Data Shows

Primary Threat To XRP Ledger Uncovered, Guess What It Is?

Join our free newsletter for daily crypto updates!