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$XRP hasemergedas the strongest-performing cryptocurrency among the top 100 assets by market capitalization over the past 24 hours
At press time, the token was trading around $1.26 after gaining 24% in 24 hours, putting it ahead of every other top-100 asset listed in the snapshot. $XRP has also climbed 31% over the past seven days, extending a move that has accelerated sharply in the latest session.
The rally stands out even among a group of large-cap cryptocurrencies posting double-digit gains. Hyperliquid (HYPE) was the second-best performer on the 24-hour timeframe shown, rising 19.4%, while Ethena (ENA) gained 18.8% and Pump.fun (PUMP) advanced 18.6%. Pepe (PEPE) followed with a 17.6% gain, while Filecoin (FIL), Dogecoin (DOGE) and Cronos (CRO) rose 16.7%, 14.2% and 13.7%, respectively.
The magnitude of $XRP’s move is particularly notable given the token’s market size (it is the fifth-biggest cryptocurrency). With roughly $79.15 billion, its 24-hour trading volume has reached approximately $6.34 billion.
Massive trading activity
South Korean traders appear to be the main force behind the rally based on the volume recorded by Upbit, the country’s largest cryptocurrency exchange.
$XRP’s 24-hour trading volume on Upbit had surpassed $399 million.
$XRP has historically attracted particularly strong retail trading interest in the country.
Meanwhile, Hunter Horsley, CEO of Bitwise, said the company’s $XRP exchange-traded fund had traded more than $55 million in volume during the session, describing the increase as a “massive spike” in trading activity.
More adoption
In the meantime, BitPay announced that $XRP is now available through the BitPay Wallet, according to a Thursday announcement. It allows users in the United States and other supported countries to buy, swap, and sell $XRP directly from the wallet while retaining control of their private keys.
Source: cryptonews.net