XRP breaks through $1.5 after double-digit weekly growth
XRP surged past $1.5 following a 13% weekly gain, reclaiming its spot as the fourth-largest crypto.Summary
XRP surpassed $1.5 on Monday, continuing a rally fueled by broader crypto market gains led by Bitcoin. The digital asset has climbed approximately 13% over the last week, boosting its market capitalization to $94 billion, which places it ahead of BNB as the fourth-largest cryptocurrency by market value. Trading volumes have also seen a significant spike, rising by about 109% in 24 hours, although XRP remains about 58% below its all-time high from last July. This market momentum, which includes Bitcoin climbing above $75,000 and the total crypto market cap reaching $2.6 trillion, occurs just ahead of a crucial Federal Reserve policy meeting. Interestingly, this price surge happened despite recent institutional outflows from XRP investment products, which saw $76 million in net outflows over the past two weeks, according to CoinShares data.
(Source：Crypto Briefing)