• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
XRP Market Cap Reaches $50 Billion amid Positive Projections

XRP Market Cap Reaches $50 Billion amid Positive Projections

user avatar

by Giorgi Kostiuk

2 years ago

XRP experienced a sudden price surge, reaching its highest value in over two years and increasing its market cap to $50 billion, making it the seventh-largest cryptocurrency.

Record Growth of the XRP Market

The XRP market cap jumped more than 21% in 24 hours on the back of high trading volumes that confirmed the bullish trend. This occurred as the broader cryptocurrency market was cooling off, highlighting the unique trend for XRP.

Impact of Possible SEC Chairman Resignation

The recent surge in XRP's value is attributed to comments by SEC Chairman Gary Gensler, which some interpreted as a hint at possible resignation, sparking optimism in the crypto market.

Reaction to Political Events

Investors also reacted to political events, particularly Donald Trump's statements about potentially removing Gary Gensler. Ripple CEO Brad Garlinghouse added to the optimism, highlighting the resilience of US-related digital currencies like XRP.

The growth of XRP highlights the importance of regulatory and political developments in the crypto market, which can significantly impact token market capitalization and value.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

CLARITY Act Bill Progress and Its Impact on Cryptocurrency Market

chest

The CLARITY Act is entering a crucial stage in the Senate, with potential implications for major cryptocurrencies.

user avatarLeo van der Veen

WLD Token Approaches Key Resistance Level in Trading

chest

The WLD token is currently trading near a critical resistance point at 0.40, which traders are watching closely.

user avatarLi Weicheng

Thirty Seconds to Mars Teams Up with World Network to Combat Ticket Bots

chest

Thirty Seconds to Mars announced a partnership with World Network to provide human-only ticket access for their upcoming concert, aiming to give verified fans exclusive perks and prevent automated buyers from snatching up tickets.

user avatarAisha Farooq

Crypto Sector Faces Major Losses in May Due to Code Vulnerabilities

chest

In May 2026, the crypto sector faced significant losses totaling 68 million due to exploits, with 66 million linked to code vulnerabilities, primarily in crosschain bridges.

user avatarElias Mukuru

Japan Pushes for Yen-Stablecoin Promotion in Asia

chest

Japan's ruling party lawmakers call for promoting yen-denominated stablecoins for settlement in Asia to enhance blockchain innovation.

user avatarMohamed Farouk

Japan's Ruling Party Proposes Legal Framework for Crypto ETFs

chest

Japan's Liberal Democratic Party (LDP) has proposed a legal framework for cryptocurrency exchange-traded funds (ETFs) to enhance the local digital assets sector.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.