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In the last 24 hours, the XRP market has recorded an astounding rise of 22.6%. The market has outperformed almost all of the top cryptos, including Bitcoin (+1.1%), Ethereum (+7.7%), Solana (+6.7%), BNB (+2.7%), Dogecoin (+1.8%) and Cardano (+9.8%). Notably, at the start of November 21, the market cap of XRP stood at a range of $62.86B.
Since then, it has surged almost 25.517%. Providing a more optimistic outlook for the XRP market, popular pro-crypto attorney John Deaton asserts that the market cap of XRP could reach the milestone of $100B soon. Time to discuss XRP, in depth! Ready?
XRP’s Current Price and Market Cap Scenario: An Overview
At the beginning of November 5, the market cap of XRP was around $28.61B. By November 16, it peaked at $63.77B, marking a 122.89% rise in market cap within less than two weeks. Currently, the XRP market cap stands at $79.59B. It is the first time since April 15, 2021, that the market cap has surpassed the range of $79.50B. The market remains extremely bullish right now, considering the sharp price rise it has experienced lately. At any moment, it may touch the level of $80B.
On November 5, the XRP price was trading at nearly $0.5114. By November 16, it rose to a peak of $1.1205, recording an impressive surge of 119.10% in less than two weeks. In the last seven days alone, the price of XRP has climbed over 74.1%.
In the last 24 hours, outperforming almost all the top cryptos, XRP has emerged as a top performer with a remarkable 22.6% price surge. At the time of writing, the XRP price stands at $1.3935. Interestingly, it is the first time since September 7, 2021 that the price has crossed the level of $1.3800.
XRP Market: What Experts Think
Expressing his optimistic outlook for XRP, Deaton forecasts that the total market cap of XRP could reach $100B soon. Importantly, the renowned crypto attorney is not the only person who holds an optimistic outlook for the market. Several prominent crypto industry figures, like attorney Bill Morgan, have recently expressed extreme confidence in the future prospects of XRP.
XRP Historical Milestone Analysis
The last time the XRP market touched the market cap of $100B was on January 3, 2018. Between January 4 and January 7, 2018, the market cap fluctuated between $106.8B and $97.28B. On January 8, 2018, the market slipped below the range. Notably, Jan 3, 2018, the XRP price was $3.1054. Between Jan 4 and 7, it oscillated between $3.3778 and $3.0487. By Jan 8, 2018, it had dropped to $2.4562.
XRP’s Path Ahead
The current price of XRP is at least 40% lower than the 2021 peak of $1.96. The current bullish market sentiment indicates that there is a high chance for the market to surpass its 2021 peak during this bull cycle.
Experts suggest that if the XRP price crosses the level of $1.756, its market cap would hit the milestone of $100B.
In conclusion, XRP’s impressive rally underscores its strength and growing market potential. With a $100 billion market cap milestone in sight, XRP’s rise signals a significant moment in the cryptocurrency landscape.
FAQs
XRP’s market cap is currently at $79.59B, with a potential to cross $80B shortly.
XRP’s recent surge is due to bullish market sentiment, growing investor confidence, and its strong performance against other top cryptocurrencies.
Experts predict that XRP could soon reach a $100B market cap if its price surpasses $1.756.