Standard

Coin

<ul class="news-points"> 
 <li>Ripple (XRP) gained $2.5 billion in market cap within 24 hours, reaching $31.17 billion during a broader crypto market uptrend.</li> 
 <li>Ripple’s strategic acquisition of Standard Custody and Trust Co. in New York strengthens its position in the U.S.</li> 
 <li>In a favorable scenario, $1,000 in XRP at the current rate can soar the capital to $1 million, according to Changelly.</li> 
</ul> 
With a remarkable performance, <a href="https://coinedition.com/tag/ripple-xrp/">Ripple (XRP)</a> has added a staggering $2.5 billion to its market cap within just 24 hours. As the cryptocurrency market witnesses an overall uptrend, XRP hits $0.57 today, marking an impressive 4.8% increase within the last day, <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="nofollow">according</a> to CoinMarketCap. 
The surge in market capitalization becomes a focal point, propelling XRP from $28.72 billion to an outstanding $31.17 billion in a single day—a significant 4.9% increase, amounting to around $2.5 billion added to the figure. 
Heading into 2024, optimism surrounded XRP’s performance, with industry experts anticipating a bright year for the sector. Ripple, despite a sluggish start to the year, makes a striking comeback. 
Ripple’s recent <a href="https://www.businesswire.com/news/home/20240213022752/en/Ripple-Announces-Acquisition-of-Standard-Custody-Trust-Company-Expands-Its-Portfolio-of-Regulatory-Licenses" target="_blank" rel="nofollow">acquisition</a> of New York-based Standard Custody and Trust Co. adds to the positive mom…
The post <a href="https://coinedition.com/ripple-xrp-skyrockets-adds-whopping-2-5b-in-market-cap-within-24-hours/">Ripple (XRP) Skyrockets, Adds Whopping $2.5B in Market Cap Within 24 Hours</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ripple (XRP) Skyrockets, Adds Whopping $2.5B in Market Cap Within 24 Hours

Coin Edition

Other articles published on Feb 16, 2024

Ethereum perpetual futures open interest reaches record high

Charting PancakeSwap’s Remarkable Journey Through 2024 to 25: From $10.31 to $30.46

The DePIN Project Decentralizing Internet Access

Solana beats Ethereum, Tron, other L1s on this front

The Graph Rises Among Top Crypto Gainers as New AI Coin Raises $400k

New and Best Meme Coins To Buy Friday, February 16 – Meme Kombat, Floki, Doge Chain, Bear Inu

Join our free newsletter for daily crypto updates!