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February 26, 2025 | 3:24 PM UTC
XRP (XRP-USD) has surged 5.13% in the past 24 hours, now trading at $2.2852. The cryptocurrency has seen a strong performance, with its daily range fluctuating between $2.2027 and $2.3241.
Key Market Data
- Previous Close: $2.3206
- 24-Hour Trading Volume: $6.92 billion
- Market Cap: $132.29 billion
- Circulating Supply: 57.89 billion XRP
- 52-Week Range: $0.3911 – $3.3881
Why is XRP Up?
- Regulatory Clarity – Positive developments in Ripple’s legal battles have boosted investor confidence.
- Institutional Adoption – Banks and payment providers continue integrating XRP into cross-border transactions.
- Market-Wide Recovery – Crypto markets are bouncing back, with major coins like Bitcoin and Ethereum also showing gains.
Broader Market Trends
- Bitcoin (BTC) is trading at $87,731 (+0.56%), showing a stable uptrend.
- Ethereum (ETH) has climbed 3.19%, following renewed investor interest.
- XRP remains down from its 52-week high of $3.3881, but its recent rally signals potential upside.
If XRP can break through the $2.32 resistance level, it may test $2.50 in the near term. However, if it falls below $2.20, a pullback toward $2.10 support is possible.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct thorough research before investing in cryptocurrency markets.