Ripple (XRP) Skyrockets to Almost $250 But It’s Not What You Think
TL;DR
- XRP reached a three-month high above $0.71, stirring predictions of an ongoing rally, though a glitch temporarily showed it at an all-time high of $247 on Crypto.com.
- The token’s market capitalization climbed to roughly $37.8 billion, overtaking Binance Coin (BNB) to become the fourth-largest cryptocurrency.
- Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) continue to hold the top three market cap positions.
The price of XRP is a topic that intrigues numerous cryptocurrency participants. It recently tapped a fresh three-month high of over $0.71 (per CoinGecko’s data), with some analysts predicting even a further rally in the near future.
Several X (Twitter) users shared in the past few hours that XRP has exploded to an all-time high of $247. The astonishing target was supposedly observed on Crypto.com’s application.
BOOOOOOOOOOOOOOOOOOM!!!
New XRP glitch on https://t.co/AjwBkJR9ZG
$247 per #XRP!
pic.twitter.com/0ZHOW9NsPI
— JackTheRippler © (@RippleXrpie) November 6, 2023
However, this seemed to be a glitch as XRP actually matched the valuation of Binance Coin (BNB), which traded at that level.
Despite still being far from that astonishing mark, the XRP army had a serious reason to cheer as their favorite coin became the fourth largest in the entire realm.
As CryptoPotato reported, the asset’s market capitalization surged to approximately $37.8 billion, surpassing BNB, which was left in the fifth position with $37.7 billion.
BTC (around $685 billion), ETH ($228 billion), and USDT ($85.5 billion) are the ones in the top three places.
Those willing to check whether XRP has a chance of spiking even further in the remaining months of the year could take a look at the video below:
The post Ripple (XRP) Skyrockets to Almost $250 But It’s Not What You Think appeared first on CryptoPotato.
