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    Home XRP Surges 10% in 24 Hours Amid Market Rally: Is the Bull Run Back?
    Business Desk
    Business Cryptocurrency English Stock Market

    XRP Surges 10% in 24 Hours Amid Market Rally: Is the Bull Run Back?

    Business DeskZoombangla News DeskAugust 8, 20254 Mins Read
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    In a major bullish move that caught traders’ attention, XRP soared 10.37% within 24 hours, reaching a price of $3.3095 on Thursday evening, August 7, 2025. The rally marks XRP’s largest one-day percentage gain since early August, sparking renewed optimism among crypto investors watching closely for signs of sustained upward momentum.

    The surge took XRP’s market capitalization to a significant $194.00 billion, accounting for approximately 5.01% of the total cryptocurrency market. While still short of its all-time high of $3.66 (recorded on July 18), the rebound indicates XRP is regaining traction after recent consolidation periods. The token traded between $2.9652 and $3.3095 in the last 24 hours, maintaining strong volume and liquidity.

    What’s Driving XRP’s Latest Price Rally?

    The recent spike in XRP price comes amid renewed investor confidence and increased trading volume across the broader crypto market. In the past seven days, XRP has appreciated by 8.32%, with consistent buying interest pushing the token upward.

    Trading volume over the last 24 hours hit $7.06 billion, contributing to 4.44% of the total crypto market trading activity. Such volume spikes often reflect heightened institutional interest or speculative momentum from retail investors betting on short-term gains.

    According to market data, XRP traded in a weekly range of $2.7295 to $3.3098—demonstrating notable volatility that traders often exploit during bullish cycles.

    xrp price

    Why It Matters: Market Sentiment and Macro Trends

    The XRP surge follows a broader recovery in the crypto sector, with Bitcoin rising 2.18% to $117,622.5 and Ethereum climbing 6.60% to $3,925.12. Bitcoin’s market dominance remains strong at 60.35%, with a market cap of $2.33 trillion, while Ethereum holds 12.10% of the total market at $468.81 billion.

    Analysts attribute XRP’s performance to increased clarity surrounding regulatory developments and potential cross-border payment partnerships. As Ripple, the company behind XRP, continues its expansion in remittance services and global financial systems, investor faith in the token’s long-term use case is steadily rising.

    Expert Analysis: What Are Traders Saying?

    Crypto strategist Marcus Lee commented, “XRP’s ability to break past the $3.30 resistance level with such strong volume is a bullish signal. If momentum holds, the next key target is around $3.50.”

    However, experts caution that while bullish sentiment is strong, resistance levels and macroeconomic news could still influence short-term movements. A return to the all-time high of $3.66 would require sustained institutional inflow and favorable market conditions.

    What’s Next for XRP Price in August 2025?

    With the token still down 9.47% from its all-time high, XRP has room for further growth if current sentiment persists. Short-term resistance is expected near the $3.35–$3.50 zone, while strong support holds around the $2.95 level.

    Market watchers are now eyeing upcoming economic data and crypto regulation news that could impact prices. If Bitcoin and Ethereum continue their upward trends, XRP could benefit from the rising tide lifting all major tokens.

    Investors should watch for:

    • XRP breaking past the $3.35 barrier

    • A consistent rise in trading volume over $7 billion

    • Broader market stability, particularly Bitcoin holding above $117,000

    With XRP showing resilience and momentum, traders and long-term holders alike are looking toward a potentially explosive Q3 2025.

    You Must Know:

    Is XRP a good investment right now?
    XRP’s recent 10% price jump and increasing market cap suggest growing investor interest. However, like all crypto assets, it remains volatile. Traders should assess risk tolerance before investing.

    How high can XRP go in 2025?
    With its current momentum and if market conditions remain favorable, XRP could attempt to retest its all-time high of $3.66. Experts say $3.50 is the next key resistance.

    Why is XRP price rising?
    The price rise is attributed to broader market optimism, rising trading volume, and growing clarity around Ripple’s business and legal developments.

    What is XRP’s current market cap?
    As of August 7, 2025, XRP’s market cap is approximately $194 billion, representing 5.01% of the total cryptocurrency market.

    How does XRP compare to Bitcoin and Ethereum?
    While Bitcoin and Ethereum maintain higher market dominance, XRP’s price volatility offers traders unique short-term opportunities. It currently lags behind BTC and ETH in market cap but outpaces many other altcoins.

    Is XRP still below its all-time high?
    Yes, XRP is still down 9.47% from its all-time high of $3.66 recorded in July 2025, despite the recent rally.

    Get the latest News first — Follow us on Google News, Twitter, Facebook, Telegram and subscribe to our YouTube channel. For any inquiries, contact: info @ zoombangla.com
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