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>>XRP's market cap plummeted by half before a massive $30 billion influx of investment occurred within a single day.

XRP's market cap plummeted by half before a massive $30 billion influx of investment occurred within a single day.

crypthub

1 day ago

Rapid Market Capitalization Rebound

XRP experienced a significant market capitalization surge, adding nearly $30 billion within 24 hours. This recovery follows a sharp decline, with the market cap rising from $114.8 billion to $143.3 billion. The impressive turnaround demonstrates a quick shift in investor sentiment.

Previous Market Crash and Contributing Factors

Recently, XRP's market value plunged by 50% in just 30 minutes, impacting the broader crypto sector. President Trump's tariff announcement triggered a wider market sell-off, contributing to the decline. Structural weaknesses within the crypto market, including high leverage, exacerbated the situation.

Current XRP Price and Future Outlook

Despite the market capitalization rebound, XRP's price currently sits at $2.39, down over 3% in the last 24 hours. A potential SEC approval of an XRP ETF could drive further institutional investment. A bullish market could allow XRP to retest the $2.50 resistance level.