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February 26, 2025 | 12:56 PM EST
As of 5:56 PM UTC, XRP is trading at $2.2076, reflecting a 0.17% decrease from its previous close of $2.3206. The cryptocurrency’s daily trading range has spanned from $2.2027 to $2.3241. Over the past year, XRP’s price has fluctuated between $0.3911 and $3.3881, indicating significant volatility.
The current market capitalization of XRP stands at approximately $127.847 billion, with a circulating supply of 57.89 billion tokens. In the last 24 hours, the trading volume has reached $6.60 billion, suggesting sustained investor interest despite recent price movements.
The recent decline in XRP’s price aligns with a broader downturn in the cryptocurrency market. Bitcoin, for instance, has experienced a 1.9% drop, trading at $86,347, while Ethereum has seen a minor increase of 0.5%, reaching $2,393. Analysts attribute this trend to diminishing enthusiasm following the “Trump bump” and a lack of anticipated regulatory support from the new administration, leading to investor disappointment.
Despite the current bearish trend, some market analysts remain optimistic about XRP’s long-term potential. Projections suggest that XRP could reach a price peak of $34, contingent upon forming a solid foundation against Bitcoin and favorable market conditions.
Disclaimer: Cryptocurrency investments are inherently risky and highly volatile. This information is provided for informational purposes only and does not constitute financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.