XRP on CoinMarketCap: Current Data and Insights
2024-12-11
XRP continues to solidify its position as one of the most significant cryptocurrencies in the market.
Based on the latest figures from CoinMarketCap, XRP currently ranks as the fourth-largest cryptocurrency with a price of $2.35, showing a 4.98% increase within the last 24 hours. Its substantial market capitalisation and robust trading activity highlight its relevance in the crypto landscape.
Let’s explore XRP’s latest performance data and understand the critical role CoinMarketCap plays in cryptocurrency analysis.
XRP’s Current Statistics on CoinMarketCap
As of today, XRP’s price stands at $2.35, reflecting nearly a 5% rise in just 24 hours. Its market capitalisation has reached $134.2 billion, further cementing its rank in the top tier of cryptocurrencies.
The trading volume over the last 24 hours is equally impressive, clocking in at $24.01 billion, marking an increase of 9.69%. This surge in trading volume indicates heightened activity and interest in XRP from traders and investors.
The circulating supply of XRP currently sits at 57.11 billion, with a total supply of 99.98 billion tokens and a maximum cap of 100 billion XRP. These figures suggest that nearly all XRP tokens are already in circulation, ensuring a controlled supply dynamic.
Meanwhile, the fully diluted valuation (FDV), which measures the market cap if all tokens were in circulation, is $234.95 billion, showing XRP’s immense potential.
Understanding CoinMarketCap’s Role in Crypto Analysis
CoinMarketCap is widely regarded as one of the most trusted platforms for cryptocurrency market data. Launched in 2013, the platform has become a go-to resource for tracking real-time information on cryptocurrencies, such as prices, market capitalisations, trading volumes, and more.
For both novice and experienced investors, CoinMarketCap offers invaluable insights into the performance of thousands of cryptocurrencies.
The platform is recognised globally for its accuracy and reliability, serving millions of users every day. CoinMarketCap not only provides raw data but also offers tools for portfolio tracking, historical price charts, and rankings, making it a comprehensive resource for crypto enthusiasts.
For XRP, the data on CoinMarketCap enables investors to make informed decisions based on its price movements, liquidity, and market activity.
XRP’s Market Position and Future Potential
XRP’s position as the fourth-largest cryptocurrency by market capitalisation underscores its strength in the competitive crypto space.
With a current market cap of $134.2 billion, XRP trails behind Bitcoin, Ethereum, and Tether (USDT), yet it maintains a distinct identity through its focus on real-world applications in cross-border payments.
Recently, XRP experienced a notable 4.98% price increase within a single day, showing resilience in a fluctuating market. Its high trading volume of $24.01 billion highlights the token's liquidity and the interest it garners among traders.
Additionally, its circulating supply of 57.11 billion tokens reflects a near-complete release of its total supply, ensuring a stable tokenomics model.
While XRP briefly surpassed Tether to claim the third spot in market cap rankings, it has since returned to fourth place.
This fluctuation is a testament to the dynamic nature of the crypto market, where competition is fierce, and market sentiment can shift rapidly. Nevertheless, XRP’s consistent performance and strong use case suggest that it will remain a top contender in the long run.
Conclusion
CoinMarketCap provides an invaluable lens through which we can evaluate XRP’s performance in the ever-evolving cryptocurrency market.
As of now, XRP’s price stands at $2.35, supported by a market capitalisation of $134.2 billion and an impressive daily trading volume of $24.01 billion.
These metrics firmly establish XRP as the fourth-largest cryptocurrency by market cap, underscoring its importance in the broader crypto ecosystem.
Beyond the numbers, CoinMarketCap plays a critical role in helping investors and traders access reliable, real-time data on XRP and thousands of other cryptocurrencies.
For XRP enthusiasts, the platform remains a trusted source for understanding its price movements, liquidity, and market trends.
XRP’s journey, marked by its strong performance and utility in cross-border payments, ensures its relevance in the crypto world. Whether you’re new to cryptocurrency or an experienced trader, XRP’s standing on CoinMarketCap reflects a bright future for this asset.
Read more about XRP:
XRP to USD: Convert Ripple to US Dollar
XRP (XRP), Market Cap, Price Today & Chart History
Frequently Asked Questions
1. What is XRP’s current price and market ranking on CoinMarketCap?
XRP is currently priced at $2.35, making it the fourth-largest cryptocurrency by market capitalisation.
2. What is CoinMarketCap, and why is it important?
CoinMarketCap is a leading platform for tracking real-time data on cryptocurrencies. It provides information on prices, market caps, trading volumes, and other key metrics, helping investors make informed decisions.
3. How has XRP performed recently according to CoinMarketCap?
XRP has seen a 4.98% price increase in the last 24 hours, with a market cap of $134.2 billion and a trading volume of $24.01 billion, reflecting strong interest and liquidity in the market.
Investor Caution
While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.
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