The XRP market has experienced a remarkable surge in the last 24 hours, recording a rise of 22.6%. This surge has outperformed many other top cryptocurrencies, including Bitcoin, Ethereum, Solana, BNB, Dogecoin, and Cardano. At the beginning of November 21, the market cap of XRP was around $62.86B.
Since then, the market has surged by almost 25.517%, with predictions from experts like John Deaton suggesting that the market cap of XRP could soon reach $100B. The current market cap of XRP stands at $79.59B, reaching levels not seen since April 15, 2021.
In terms of price, XRP was trading at around $0.5114 on November 5, and by November 16, it had peaked at $1.1205, marking an impressive 119.10% surge in less than two weeks. The price surge has continued, with XRP climbing over 74.1% in the last seven days alone.
Today, XRP stands at $1.3935, with a significant 22.6% price surge in the last 24 hours. This marks the first time since September 7, 2021, that the price has crossed the $1.3800 mark.
Experts like John Deaton and Bill Morgan have expressed extreme confidence in the future prospects of XRP, with predictions that the market cap could reach $100B soon. The last time XRP touched the $100B market cap was on January 3, 2018, and with the current bullish market sentiment, there is a high chance for XRP to surpass its 2021 peak of $1.96 during this bull cycle.
In conclusion, XRP’s impressive rally showcases its strength and growing market potential, with the $100 billion market cap milestone in sight. This signals a significant moment in the cryptocurrency landscape, with XRP poised for further growth and success in the future.