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

Alex Dovbnya

XRP has just reached its highest level in almost 35 months

News

Mon, 5/04/2021 - 17:21

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.

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.

HOT Stories

Bitcoin Reclaims $100K as MicroStrategy's Saylor Rejects Idea of Taking Gains

Can Solana (SOL) Lead This New Market Rebound?

Bitcoin Underperforming Previous Cycles Despite Rallying to $100K

Michael Saylor Mystifies BTC Community With 'Sons of Bitcoin' Message

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.

#Ripple News

About the author

Alex Dovbnya

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.