Ripple’s XRP has crossed the $3 mark in the past 24 hours, signaling renewed momentum in the market. At the time of writing, XRP trades at $3.00, reflecting a 2.12% daily gain. Despite the broader market slowdown, Ripple has managed to hold ground, keeping traders optimistic.
Market Performance and Momentum
XRP’s market cap stands at $179.07 billion, securing its position as the third-largest cryptocurrency. The trading volume, however, dropped sharply by 34.96% to $4.25 billion, suggesting that while price action is strong, overall market activity has cooled. The volume-to-market cap ratio sits at 2.38%, highlighting moderate liquidity during the session.
24-hour price chart Source: CoinMarketCap
The circulating supply remains at 59.61 billion XRP, out of a capped maximum of 100 billion tokens. With a fully diluted valuation of $300.41 billion, Ripple still shows enormous potential if demand increases.
24-Hour Price Range
Over the past day, XRP moved between a low of $2.94 and a high of $3.02. The upward trend was most evident during the late morning and afternoon hours, where XRP broke past resistance levels near $2.98. The surge pushed Ripple to retest the $3 level, and although minor pullbacks followed, the token sustained its gains.
Related article: Ripple’s XRP Battles Dip: Can Bulls Push Past $3 Again?
XRP is still trading below its all-time high of $3.84, recorded on January 4, 2018, leaving a gap of about 21.82%. However, the fact that XRP has surged from an all-time low of just $0.002802 in July 2014 a staggering 107,081.9% increase proves its resilience in the crypto market.
The current breakout above $3 strengthens Ripple’s short-term bullish outlook. Traders are now watching if XRP can extend its rally toward $3.10 and beyond, with eyes eventually set on retesting its historic high. A sustained move above $3.02 could invite more buying pressure, while any dip below $2.95 might trigger fresh sell-offs.
For now, Ripple has reminded the market of its staying power. With strong fundamentals, global adoption in cross-border payments, and renewed investor confidence, XRP’s climb back toward its peak may just be a matter of time.
