Over $35 billion flows into XRP in a week
2025-07-16 09:39:07
Main Idea
XRP has experienced a significant increase in market capitalization and price, driven by investor demand, and is approaching key psychological and technical milestones despite a decline in trading volume.
Key Points
1. XRP's market cap rose from $137.40 billion to $173.28 billion between July 9 and July 16, with prices surging 26.03% from $2.32 to $2.93.
2. The token is approaching its January 18, 2025 peak of $3.29, with its current price roughly 11% below that level.
3. 24-hour trading volume declined 38.85% during the same week, falling to $7.13 billion, indicating reduced sell-side pressure and potential conviction-based accumulation.
4. XRP's fully diluted valuation (FDV) stands at $293.04 billion, placing it among top-tier digital assets by network value, with a circulating supply of 59.13 billion XRP and a capped total supply of 100 billion.
Description
XRP has seen a resurgence in investor demand, with over $35.88 billion flowing into its market capitalization between July 9 and July 16, according to CoinMarketCap data retrieved by Finbold. The token’s market cap rose from $137.40 billion to $173.28 billion, driven by an aggressive breakout that saw prices surge 26.03% from $2.32 to $2.93 over the same seven-day period. XRP 1-week market cap. Source: CoinMarketCap XRP is approaching key psychological and technical milestones XRP is now rapidly...
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