In the past 24 hours, XRP has demonstrated a phenomenal increase of 22.6%, outperforming nearly all leading cryptocurrencies such as Bitcoin, Ethereum, Solana, BNB, Dogecoin, and Cardano. This dramatic rise has caught the attention of both investors and analysts alike. Notably, at the dawn of November 21, XRP’s market capitalization was valued at approximately $62.86 billion. Since then, it has soared by an impressive 25.517%. Renowned pro-crypto attorney John Deaton has expressed optimism, predicting that XRP’s market cap could soon achieve the $100 billion milestone.
XRP’s Current Price and Market Cap Scenario: An Overview
At the beginning of November 5, XRP’s market cap was recorded at $28.61 billion. By November 16, it had peaked at $63.77 billion, reflecting a significant 122.89% increase in less than fourteen days. As of now, XRP’s market cap is approximately $79.59 billion, surpassing the $79.50 billion mark for the first time since April 15, 2021. The market is currently displaying a strong bullish trend, with the potential to reach the $80 billion threshold imminently.
On November 5, XRP was priced at approximately $0.5114. By November 16, it had climbed to a peak of $1.1205, marking an impressive 119.10% increase in under two weeks. Over the past week alone, XRP’s price has surged by over 74.1%. In the last 24 hours, XRP has emerged as a standout performer, with a notable 22.6% price increase. At the time of writing, XRP is valued at $1.3935, surpassing the $1.3800 level for the first time since September 7, 2021.
XRP Market: What Experts Think
Expressing his favorable outlook, John Deaton anticipates that XRP’s market cap will soon reach $100 billion. His views are echoed by other notable figures in the crypto industry, such as attorney Bill Morgan, who have also voiced strong confidence in XRP’s future prospects. The consensus among experts suggests that significant growth is on the horizon for XRP.
XRP Historical Milestone Analysis
The last instance when XRP’s market cap reached the $100 billion mark was on January 3, 2018. During the period from January 4 to January 7, 2018, the market cap fluctuated between $106.8 billion and $97.28 billion. By January 8, 2018, it had dipped below this range. On January 3, 2018, XRP’s price was $3.1054, and between January 4 and 7, it varied between $3.3778 and $3.0487, eventually dropping to $2.4562 by January 8, 2018.
XRP’s Path Ahead
Currently, XRP’s price is at least 40% below its 2021 peak of $1.96. However, the prevailing bullish sentiment suggests that the market might soon surpass its 2021 highs during the ongoing bull cycle. Experts suggest that if XRP’s price exceeds $1.756, its market cap could potentially reach $100 billion.
In conclusion, XRP’s remarkable rally highlights its resilience and expanding market potential. With the $100 billion market cap milestone within reach, XRP’s ascent marks a pivotal moment in the cryptocurrency landscape. Investors and enthusiasts are keenly watching to see how this influential cryptocurrency performs in the coming days.
