Main navigation

XRP Pushes Total Cryptocurrency Market Value to $2 Trillion, Reaching 1065-Day High

News
Mon, 04/05/2021 - 17:21
article image
Alex Dovbnya
XRP has just reached its highest level in almost 35 months
XRP Pushes Total Cryptocurrency Market Value to $2 Trillion, Reaching 1065-Day High
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Ripple-affiliated cryptocurrency XRP is finally catching up with the broader cryptocurrency rally. Earlier today, it soared over 38 percent to reach $0.87 on the Bitstamp exchange, its highest level since May 6, 2018. 

206
Image by tradingview.com

XRP is currently up 280 percent year-to-date in spite of pretty every major cryptocurrency exchange delisting it or suspending its trading in the United States due to Ripple's legal predicament with the SEC. After clearing key technical hurdles, XRP is now only 14 percent away from touching $1.

According to CoinMarketCap data, the token has now surpassed Cardano, becoming the sixth largest cryptocurrency by market capitalization. Because of XRP's rally, the total value of all cryptocurrencies has surpassed $2 trillion for the first time. 

Bitcoin is currently trading just below $60,000. 

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.