XRP Ripple News: $100B Market Cap Nears, Bitcoin & Ethereum Left Behind!
Vignesh S G22 Nov 20243 min read
In the past 24 hours, XRP has surged an impressive 22.6%, outperforming nearly all major cryptocurrencies. While Bitcoin (+1.1%), Ethereum (+7.7%), Solana (+6.7%), BNB (+2.7%), Dogecoin (+1.8%), and Cardano (+9.8%) have seen smaller gains, XRP’s rise stands out.
As of November 21, XRP’s market cap was $62.86 billion. Since then, it’s jumped nearly 25.5%. With this momentum, could XRP be on track to reach a $100 billion market cap? Let’s break it down.
XRP’s Current Price and Market Cap Scenario: An Overview
On November 5, XRP’s market cap was about $28.61 billion. By November 16, it had risen to $63.77 billion, a 122.89% increase in less than two weeks. As of now, the market cap stands at $79.59 billion—the highest since April 15, 2021. XRP is on the brink of hitting the $80 billion mark, and the bullish sentiment in the market continues to grow.
On November 5, XRP was priced at just $0.5114. By November 16, it had surged to $1.1205, marking an incredible 119.10% increase in under two weeks. In the past seven days alone, XRP has risen by 74.1%.
In the last 24 hours, it outperformed almost every other major cryptocurrency with a 22.6% increase. As of writing, XRP is priced at $1.3935, a level not seen since September 7, 2021.
John Deaton’s $100 Billion Prediction: Is It Possible?
Pro-crypto attorney John Deaton is optimistic about XRP’s future, predicting that its market cap could soon reach $100 billion. He’s not the only one—other influential figures in the crypto world, like attorney Bill Morgan, have also expressed strong confidence in XRP’s potential.
XRP’s Market Cap History
XRP’s market cap last approached $100 billion on January 3, 2018. During that time, it fluctuated between $106.8 billion and $97.28 billion, with the price reaching $3.1054. By January 8, 2018, the price had dropped to $2.4562. Today, XRP is still about 40% below its 2021 peak of $1.96. But with the current positive sentiment, there’s a good chance XRP could surpass that 2021 high in this bull cycle.
Experts believe that if XRP’s price crosses $1.756, its market cap could hit the $100 billion milestone. This prediction fits with the growing confidence and positive outlook surrounding XRP’s future.
It’s A Long (Bullish) Road Ahead
XRP’s impressive price growth and the optimistic outlook from industry experts show that the coin is gaining strength. With the $100 billion market cap in sight, XRP’s rise signals a significant moment in the cryptocurrency market.
It’s clear that XRP’s future is one to watch closely.
FAQs
- XRP’s market cap is currently at $79.59B, with a potential to cross $80B shortly.
