XRP witnessed a significant rally on Wednesday, recording a 10.67% increase to trade at $2.5343. This marks its highest one-day percentage gain since March 2, 2025. The bullish momentum pushed XRP’s market cap to $144.1609 billion, representing 5.02% of the total cryptocurrency market capitalization. The price movement ranged from $2.4349 to $2.5352 over the past 24 hours, showing strong buying interest.

Over the past week, XRP has recorded an 8.28% gain, maintaining an upward trend. The trading volume in the last 24 hours stood at $10.1186 billion, accounting for 6.63% of the total cryptocurrency trading volume. Despite the recent surge, XRP remains 25.36% below its all-time high of $3.40, which was reached on January 16, 2025.

In the broader cryptocurrency market, Bitcoin also experienced an upward movement, rising by 4.37% to reach $87,580.8. Ethereum followed with a 5.77% increase, trading at $2,184.93. Bitcoin’s total market capitalization was last reported at $1,728.4760 billion, making up 60.22% of the total crypto market cap. Meanwhile, Ethereum’s market cap reached $262.0926 billion, representing 9.13% of the overall market.

The latest surge in XRP’s price comes amid growing investor optimism and increased trading activity. Analysts suggest that this rally could indicate a strong bullish sentiment for the token in the short term. However, XRP would need to sustain its momentum and break past key resistance levels to revisit its previous all-time high. With the crypto market seeing increased volatility, traders are keeping a close eye on XRP’s next moves in the coming days.