'Unstoppable Momentum' XRP… Market Cap Nears $200 Billion

JOON HYOUNG LEE

Summary

XRP's market capitalization has reportedly approached $200 billion.
Recently, the price of XRP has shown strength, surging 49% over the past month.
Experts predict that the market cap could exceed $250 billion by the end of this year.

XRP's market capitalization has approached $200 billion.

According to CoinMarketCap, a cryptocurrency market data site, as of 9:03 PM on the 17th, XRP's market cap was recorded at about $193.1 billion, up 10.67% from the previous day. Cointelegraph reported, "This figure is about $2.18 billion lower than the (market cap) peak six months ago," adding, "There is also a possibility that the XRP market cap could surpass $200 billion for the first time ever."

XRP's price has recently surged with unstoppable momentum. As of 9:03 PM on this day, XRP was trading at $3.26 on CoinMarketCap, up 33.11% from a week ago. This marks a surge of nearly 49% compared to a month ago.

If XRP continues this upward trend, there are predictions that its market cap could exceed $250 billion by the end of this year. Cointelegraph noted, "XRP's recent surge shows a trend similar to late last year," and stated, "If it succeeds in surpassing a market cap of $212 billion, it could grow to about $258 billion by year-end."

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