XRP News Today: XRP Surges 70% in 30 Days, Hits $192.82 Billion Market Cap

Ripple’s XRP and Ethereum (ETH) have both achieved monumental milestones, reinforcing their dominance in the digital asset space. XRP vaulted past the $190 billion market cap mark, securing its position as the third-largest cryptocurrency globally. Ethereum surged above $410 billion, holding firm as the second-largest cryptocurrency by market capitalization.

XRP has soared over 70% in the past 30 days, positioning itself near the historic $200 billion valuation threshold. A recent 8–10% daily rally pushed XRP’s price above $3.20, driven by record-high open interest in derivatives markets. Ethereum also recorded a significant increase, with daily trading volume rising by around 7.5%, boosting its overall market capitalization by over 7% in just one day.

XRP’s breakout comes amid rising political support, including new U.S. legislation and state-level fintech initiatives, factors that analysts believe are boosting investor confidence. Ethereum, meanwhile, continues to benefit from its strong ecosystem dominance in decentralized finance and blockchain applications.

With XRP edging closer to the $200 billion milestone, market observers are watching closely to see whether it can sustain its momentum and achieve a new all-time high. Ethereum, with its robust trading volumes and deep-rooted presence in decentralized technologies, remains firmly established as the second-largest cryptocurrency.

XRP has also set a new market capitalization record, reaching $192.82 billion, solidifying its position as the third-largest cryptocurrency by market capitalization. This milestone is a testament to the growing confidence in XRP and its potential for further growth. The surge in XRP's price has been driven by strong performance against Bitcoin and increasing whale activity. On-chain data reveals a spike in large XRP transactions, interpreted by analysts as a signal that whales are positioning ahead of a significant price movement.

The bullish sentiment surrounding XRP is further supported by technical signals indicating a potential surge. Key levels to watch include the $3.00 hurdle, which XRP is closing in on, and the $5 mark, which some analysts predict could be the next target. The increasing interest in the derivatives market and the strong performance against Bitcoin are also contributing to the bullish outlook for XRP.

Ethereum's price near $6,400 is another significant development in the cryptocurrency market. This price level is a four-year high for Ethereum, reflecting the growing demand for the cryptocurrency and its underlying technology. The strong performance of Ethereum is also contributing to the bullish sentiment in the altcoin market, as investors look for opportunities beyond Bitcoin.

The cryptocurrency market's recent movements highlight the growing interest in digital assets and the potential for significant gains. XRP and Ethereum's massive valuations are a testament to the strength of the market and the confidence of investors. As the market continues to evolve, it will be interesting to see how these trends develop and what new opportunities emerge.