XRP returns to the top four currencies after market cap rises to $122 billion

According to “CoinMarketCap” data, after an impressive rise, the total market value of XRP currency has returned to the level of $122 billion, making it return to fourth place in the world in digital currency market value.

Since the New Year, as the cryptocurrency market continues to gain momentum, major currencies have begun to return to their previous levels, the most prominent of which is XRP, which was able to surpass BNB and return to the top four list.

Data shows that excluding stablecoins, XRP ranks third, behind Bitcoin and Ethereum.

Yesterday, Saturday, January 3, XRP recorded a massive gain of more than 6%, pushing its market capitalization back to the $122 billion level it once missed.

In comparison, BNB has a market capitalization of approximately US$120.31 billion, with a limited increase of only approximately 0.65%.

The positive signs are not limited to market capitalization, as XRP trading volume increased by more than 140% to approximately $4.14 billion, indicating increased demand and growing investor interest.

Trends on the network also indicate an increase in activity from traders of all sizes, reflecting a return to momentum in currency trading.

Looking at price performance, XRP has achieved the highest daily gain among the five major currencies in the past 24 hours, ahead of Bitcoin, Ethereum, and BNB, rising by approximately 5.79% to trade near the long-absent $2 level.

This improvement has also extended to the XRP-linked exchange-traded fund (ETF) market, which continued to record positive inflows at the start of the year.

Data shows that on January 2, these funds inflowed approximately $13.59 million, reflecting investors’ continued confidence in the XRP system.

Also read:

Turkmenistan passes new law to legalize mining and trading of digital currencies

Bitcoin price hits highest level since December as tensions escalate in Venezuela