XRP reached a new record market capitalization of $193.19 billion, a result of significant price increases and market activity.
Capitalization and Price of XRP
According to CoinMarketCap, XRP rose by 10.81% in the last 24 hours, closing at $3.27. The total trading volume surged by 78.15%, exceeding $12.5 billion.
Market Metrics and Trading Volumes
Data from Coinglass indicates a 71% surge in trading volumes and a 17.56% increase in open interest, supporting a bullish trend. Long/short ratios on Binance and OKX exceeded 1.8, indicating strong buyer dominance.
Wallet Growth and Whale Demand
According to CryptoQuant, the number of XRP wallet addresses has surpassed 7.19 million, reaching an all-time high. This reflects increased engagement from both retail and institutional investors. Over 2.2 billion XRP were reportedly purchased by large holders in the past two weeks.
The overall rise of XRP, confirmed by increasing capitalization, whale activity, and wallet growth, indicates positive changes in the market and heightened interest in the asset.
