News

XRP Hits 7-Year High: A New Chapter for the Asset

XRP has reached a significant milestone, achieving a market value of $3.39 for the first time since January 2018.

This remarkable surge marks a 7-year high, with XRP now gaining renewed attention from both retail and institutional investors. Over a recent 8-hour period, the network recorded 2,365 transactions exceeding $100,000—the highest spike in large-scale activity since December 23. Additionally, the total number of XRP holders is growing rapidly, further highlighting its increasing adoption.

XRP Among the World’s Top Assets 

Currently ranked as the 79th largest asset globally by market capitalization, XRP is securing its place as a formidable player in the financial landscape. This growth is happening against the backdrop of a broader trend of institutional recognition.

In 2024, Bitcoin and Ethereum ETFs received approval, paving the way for new crypto-focused investment products. Looking ahead to 2025, ETFs for Solana, XRP, Litecoin, and HBAR are next in line, potentially driving even more interest and capital inflows into the space.

U.S. Investor Interest on the Rise

In a groundbreaking development, XRP has overtaken Bitcoin in 24-hour trading volume on Coinbase, one of the largest cryptocurrency exchanges in the United States. This shift demonstrates growing interest from U.S. investors, with XRP now leading trading activity ahead of Bitcoin and Ethereum.

Related Post

Conclusion

With its price hitting a multi-year high, large-scale transactions surging, and investor interest intensifying, XRP is positioning itself as a key player in the evolving cryptocurrency market. As ETF approvals and market dynamics continue to unfold, the future of XRP appears brighter than ever.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: parilovv/123RF // Image Effects by Colorcinch

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

Share
Published by
Will Izuchukwu

Recent Posts

Justin Sun Pledges $SUN Buybacks With SunPerp Revenue

Justin Sun, CEO of TRON DAO, has just made one of his biggest announcements of…

2 days ago

$BNB Hits $1,000 ATH as Market Cap Reaches $145.7B

$BNB has broken through a historic milestone. The token surged past $1,000, setting a new…

3 days ago

Top 5 DeFi Tokens Less Than $1 Price Mark To Watch In September

Decentralized finance (DeFi) has continued to disrupt traditional financial systems, offering permissionless access to lending,…

3 days ago

Solana Data Insights: App Revenues Hit $193.5M in August, Up 126% YoY

Solana’s app economy posted another breakout month. Total application revenues surged to $193.5 million in…

4 days ago

Sharps Technology Aligns with Bonk for Treasury Staking and Solana Growth

Sharps Technology (NASDAQ: STSS) is making a major move in the Solana ecosystem. The company,…

4 days ago

Understand AR In the Context of LivLive’s Game Layer for Reality Ecosystem

LivLive is redefining augmented reality (AR) gaming by turning real-world actions into measurable value for…

4 days ago