XRP has emerged as the strongest-performing cryptocurrency among the top 100 assets by market capitalization over the past 24 hours, according to CoinGecko data.
At press time, the token was trading around $1.26 after gaining 24% in 24 hours, putting it ahead of every other top-100 asset listed in the snapshot. XRP has also climbed 31% over the past seven days, extending a move that has accelerated sharply in the latest session.
The rally stands out even among a group of large-cap cryptocurrencies posting double-digit gains. Hyperliquid (HYPE) was the second-best performer on the 24-hour timeframe shown, rising 19.4%, while Ethena (ENA) gained 18.8% and Pump.fun (PUMP) advanced 18.6%. Pepe (PEPE) followed with a 17.6% gain, while Filecoin (FIL), Dogecoin (DOGE) and Cronos (CRO) rose 16.7%, 14.2% and 13.7%, respectively.
The magnitude of XRP's move is particularly notable given the token's market size (it is the fifth-biggest cryptocurrency). With roughly $79.15 billion, its 24-hour trading volume has reached approximately $6.34 billion.
Digital Currencies
Massive trading activity
South Korean traders appear to be the main force behind the rally based on the volume recorded by Upbit, the country's largest cryptocurrency exchange.
XRP's 24-hour trading volume on Upbit had surpassed $399 million.
XRP has historically attracted particularly strong retail trading interest in the country.
Meanwhile, Hunter Horsley, CEO of Bitwise, said the company's XRP exchange-traded fund had traded more than $55 million in volume during the session, describing the increase as a “massive spike” in trading activity.
More adoption
In the meantime, BitPay announced that XRP is now available through the BitPay Wallet, according to a Thursday announcement. It allows users in the United States and other supported countries to buy, swap, and sell XRP directly from the wallet while retaining control of their private keys.