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XRP Nears 50 Cents as Price Rises to One-Month Highs
XRP, the world's third-largest cryptocurrency by market capitalization, jumped 6 percent on Monday, cementing a 30-day high.
Updated Sep 13, 2021, 8:34 a.m. Published Nov 6, 2018, 1:01 a.m.
The price of XRP, the world's third-largest cryptocurrency by market capitalization, jumped 6 percent on Monday, to reach its highest total in 30 days, according to CoinDesk data.
At 15:01 UTC, the cryptocurrency rose to $0.49 cents for the first time since Oct. 8, and was last seen trading at $0.4950, marking roughly a 6.14 percent increase since the day's open.
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At press time, XRP is the biggest winner among the top 10 cryptocurrencies by market capitalization, reporting a seven-day gain of 11.13 percent, according to data from CoinMarketCap.
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XRP's market capitalization rose by more than $2.1 billion over that period, effectively reversing most of the losses over the last four months to reach July levels.
According to CoinDesk data, XRP was up 144 percent year-over-year, having doubled from $0.20. So far in 2018, however, its price has dropped 82 percent from its all-time high of $3.95.
The cryptocurrency is one of a number of networks to see appreciating values during the Monday session. Well-known cryptos including bitcoin and Cardano have seen 24-hour profits of 1-2 percent while BasicAttentionToken (BAT) and Zcash are up 4-8 percent.
The total market capitalization of all cryptocurrencies is up $2.8 billion from its yesterday's top of $209.8 billion and is currently sitting just below $213 billion, CoinMarketCap data shows.
: The author holds USDT at the time of writing.
XRP image via Shutterstock
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Exchange Review - March 2025
CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
What to know:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
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What to know:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
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