XRP price updates all-time high

Yesterday, on January 16, 2025, the cryptocurrency XRP $3.25 XRP -0.94% Market capitalization $186.83 billion VOL. 24 hours $1.75 billion reached a new all-time high, exceeding $ 3.3. The asset grew by more than 15% in a day and by 44% in a week. XRP’s capitalization also reached a record $ 190 billion, which allowed the coin to retain the third place in market value among cryptocurrencies after Bitcoin BTC $104,375.13 Bitcoin 3.60% Market capitalization $2.07 trillion VOL. 24 hours $4.02 billion and Ethereum ETH $3,472.00 Bridged Ether (StarkGate) 2.92% Market capitalization $0.32 billion VOL. 24 hours $1.77 billion .

According to Santiment analysts, the significant price increase is due to optimism about the possible use of XRP in banking and financial transactions. In addition, large investors have purchased more than 1.09 billion XRP over the past week, which also pushed the price up.

An additional factor for growth is the forecasts for the approval of exchange-traded investment funds (ETFs), which can help attract significant investment in cryptocurrencies. This confirms the market’s optimism about XRP’s long-term prospects.

Just two days ago, the XRP digital token became the best asset among the 50 largest cryptocurrencies by market capitalization. The price of the virtual coin reached $ 2.87 during the Asian trading session, bringing it closer to the cycle’s record high.