XRP hits $100 billion market cap for the first time since 2018
Author: Content Editor
XRP's market capitalization has exceeded $100 billion, making it the fifth-largest cryptocurrency by market value. Its price has surged 18% in the past 24 hours and has gained 193% since the beginning of the year. XRP's recent upward trend is attributed to both positive market sentiment due to Donald Trump's pro-crypto stance and the resignation of SEC Chair Gary Gensler, which is seen as a potential turning point in the legal situation surrounding Ripple. Ongoing positive developments, such as stablecoin roadmap advancements and increased institutional adoption, also contribute to XRP's price surge. However, caution is advised as the price increase may be fueled by leveraged trading, which can lead to significant price swings. The asset's Relative Strength Index (RSI) indicates overbought conditions, suggesting that a pullback may be on the horizon. Traders are urged to manage their risk due to potential short-term volatility.