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The price of XRP rose up to 75 percent above its opening price at some point during Friday's trading session amid a broader market show.
At about 2.455 UTC, the price of XRP rose to a peak of $ 0.77, an increase of 75% compared to its opening price of $ 0.45, according to the # 39; price index XRP (XPI) of CoinDesk.
For several hours, the surge in investor interest was enough for cryptocurrency to briefly dethrone ether (ETH) as the world's second cryptocurrency by market capitalization. At the time, the market capitalization of XRP was north of $ 23 billion, the highest level since June 10.
At press time, the XRP then cooled to around $ 0.54 and returned to its previous position as the third largest cryptocurrency world, by CoinMarketCap rankings.
During the trading frenzy, XRP has surpassed many milestones not seen since the famous race of 2017.
For one, XRP / USD has already released its most daily trading volume since January 14 on Bitfinex cryptocurrency exchange. At the time of writing, there are still three hours on the trading day, so it is likely that the cryptocurrency will surpass that sign and record its highest trading volume on Bitfinex, which has offered XRP trades since May 2017.
today the high price of XRP has risen by 192 percent since September 18, its best result, in four days of lengthening since December last year. The price has risen allowing XRP to reach its highest price point since May 10.
The current prices of XRP still represent a depreciation of 84% from the historical high of $ 3.48 set in January, but the technical charts indicate that the price could start to rise to such heights.
The XRP bulls were not the only ones in a fashion show today while the entire market picked up the offer in an illustrious manner.
All of the top 10 cryptocurrencies are flashing green at the time of writing and currently publish an average 24 hour earnings of 17.67%, excluding Tether (USDT). After XRP, prominent performers include ether (ETH), bitcoin (BCH), stellar (XLM) and cardan (ADA) money.
As a result, the total capitalization of the cryptocurrency market has seen a significant increase of over $ 20 billion in the last 24 hours. Its current value is just over $ 224.1 billion, an increase of 10% compared to yesterday and the highest since 5 September.
Disclosure: The author holds BTC, AST, REQ, OMG, FUEL, 1st and AMP at the time of writing.
Bull-Run Image via Shutterstock
The leader in blockchain news, CoinDesk is a source of information that fights for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of the Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
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