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The cryptocurrency market, which started the day with a decline in the morning hours, rebounded in the afternoon. XRP, which recorded an average increase of 70% in the last week, managed to exceed the $0.8 price level during the day by recording an increase of over 6% in the last 24 hours.
XRP Shows no Signs of Slowing Down its Value Increases
The historic decision in the Ripple case on July 13th last week caused a striking rise in the cryptocurrency market. XRP, which started a strong rally shortly after the announcement that the judge in the Ripple case ruled that Ripple’s sales of XRP did not constitute investment contracts, rose from $0.47 to $0.87 within hours.
Along with the rise in XRP, Solana (SOL), Polygon (MATIC), Stellar (XLM), and Cardano (ADA) also experienced significant increases in value during this period. The leading cryptocurrency Bitcoin (BTC), on the other hand, dropped back to the $30,000 price level again due to its recent value losses, but briefly reached $31,500 at the end of last week.
Will the Increases Continue?
Despite the decline in the cryptocurrency market after last week’s rise, XRP, which continues to increase in value, has maintained its upward trend in recent days. XRP, with an average increase of 70% in the last week and an average increase of 6% in the last 24 hours, has made its mark on the market with its recent rises and reached the $0.8 price level.
With these increases, XRP has become the top-performing cryptocurrency among the top 100 cryptocurrencies in terms of market capitalization according to CoinMarketCap data in the last week, and it has also secured a place among the top 10 cryptocurrencies with the highest returns in the last 24 hours. Additionally, XRP has surpassed BNB in terms of market capitalization rankings, becoming the fourth-largest cryptocurrency in the crypto ecosystem.
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