Key Highlights
- Current Price: $0.3711 (8.8% increase in 24 hours)
- Trading Volume: $216 million
- Market Cap: $17.389 billion (Ranked #5 among cryptocurrencies)
- Circulating Supply: 50,215,300,844 XRP
Price Range (24 Hours)
- High: $0.3727
- Low: $0.321
Historical Performance
| Period | Change |
|---|---|
| 1 Week | -26.20% |
| 1 Month | -29.76% |
| 3 Months | -8.70% |
| 6 Months | -19.52% |
| YTD | -59.68% |
Market Context
👉 Why XRP's volatility matters for crypto investors
Ripple's XRP demonstrates significant price fluctuations, reflecting broader crypto market trends. Despite recent gains, long-term performance remains bearish, influenced by regulatory uncertainties and macroeconomic factors.
Recent Crypto News
- Web3 Adoption: Asian governments accelerate blockchain integration
- Regulatory Push: Experts advocate for mandatory reserve proofs from exchanges
- FTX Collapse: Citigroup warns of spreading crypto market contagion
FAQ Section
Q: What drives XRP's price movements?
A: Key factors include adoption by financial institutions, regulatory developments, and overall crypto market sentiment.
Q: Is XRP a good long-term investment?
A: While XRP has utility in cross-border payments, its performance depends heavily on Ripple's legal outcomes and market competition.
Q: How does XRP differ from Bitcoin?
A: XRP focuses on fast, low-cost transactions for banks, whereas Bitcoin serves as decentralized digital gold.
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