XRP briefly regains $100 billion market cap amid price rally
On Tuesday, XRP temporarily regained a market capitalization above $100 billion before retreating slightly. The token traded as high as $1.66 during the session and ended at around $1.56 with a 24-hour gain of 1%. Over the past week, XRP has risen nearly 21%, outperforming the broader cryptocurrency market's 13% increase. The rebound follows a decline to approximately $1.29 after a failed Senate vote on the CLARITY Act last week. On-chain activity also increased significantly, with over 1,900 large transactions and thousands of new wallets created in one day. Institutional interest is growing as well; Bitwise's XRP ETF added nearly $19 million worth of tokens in a single session. Despite the recent gains, XRP remains about 57% below its all-time high of $3.65. Traders are now watching whether it can stabilize above $1.60 and continue toward higher levels.
Tickers: $XRP
Topics: cryptocurrency market cap ETF activity on-chain data whale buying XRP