XRP token sets record for market capitalization

Cryptocurrency market analysts note that the digital token XRP $2.94 XRP 11.36% Market capitalization $169.2 billion VOL. 24 hours $2.56 billion has become the best asset among the 50 largest cryptocurrencies by market capitalization. The token’s price reached $ 2.87 during the Asian trading session, bringing it closer to the cycle’s record high. At the time of writing, the asset’s price has slightly dipped, remaining only 17% below its all-time high.

Over the past two weeks, XRP has risen by 33%, while most other altcoins have shown a decline. An important factor in the growth was the activity of «whales» — wallets that own from 1 to 10 million XRP. According to Santiment, these wallets increased their assets by 37% in two months, equivalent to $ 3.8 billion.

Optimism about the potential use of XRP in banking and finance continues to grow. There is also speculation among the crypto community about the possible approval of an ETF, which could attract significant investment. The current market capitalization of XRP reaches $ 160 billion, which ranks it third among cryptocurrencies after Bitcoin BTC $99,754.00 Bitcoin 3.58% Market capitalization $1.98 trillion VOL. 24 hours $2.75 billion and Ethereum ETH $3,434.40 Bridged Ether (StarkGate) 7.34% Market capitalization $0.31 billion VOL. 24 hours $1.38 billion .