Ripple XRP Becomes Best-Performing Cryptocurrency in Top 100

Following an upsurge in value, Ripple XRP has emerged as the most successful cryptocurrency in the top 100 in terms of market capitalization. The value of this digital token has climbed to $0.7391, increasing by more than 20% within the last 24 hours.

The market capitalization of Ripple's own cryptocurrency has increased significantly, with a rise of more than 20% to reach $40.4 billion. In comparison to the top five cryptocurrencies that are shown on the charts, such as Bitcoin, XRP has performed the best over the last 24 hours. Traders have shown a lot of optimism regarding the token and recent statistics show that there has been a massive increase of over 300% in trading volume.

Even though XRP didn't join the positive trend of cryptocurrencies early on, it has now made significant progress. The amount of open interest for XRP, which determines the total quantity of unfulfilled derivatives contracts, has also significantly increased by 30.44% and currently stands at $1.06 billion.

Additionally, take a look at: Why XRP Could Not Increase in Value on the Charts?

The rise of Ripple XRP brought various reactions from people. Some holders wanted to sell their XRP, resulting in many liquidations. Yet, others became interested in XRP futures. XRP's market capitalization is currently at $40,157,126,488. Several analysts predict that XRP will soon hit $1, especially if the current cryptocurrency market trend aligns with it.