The native digital asset of the XRP ledger, named XRP, which was developed by Ripple, was reportedly trading at $0.98402 on 12 August 2021 at around 6:44 am GMT. According to news sources, this resulted in a 10.24 percent increase in its trading value, which is the largest percentage increase XRP has seen in a day. As a result of this, the market capital of XRP was pushed to $45.54911B, or 2.43 percent of the total cryptocurrency market cap. The highest market cap that XRP has recorded is $83.44071B.
It is important to note that twenty-four hours before registering the increased trading value, the crypto had been trading in a range of $0.95310 to $1.04384. Much to the delight of the investors, XRP has been registering an upward trend in trading value for weeks by gaining almost 36.2 percent over 7 days. However, even with its current value, XRP is still far away from the record high of $3.29 it achieved on 4 January 2018.
As far as other cryptos are concerned, Bitcoin was down by 2.08 percent on the same day, registering a trading value of $45,131.6. Meanwhile, Ethereum also saw a downward trend, by trading at $3,119.96 at a loss of 2.42 percent. The market capital of Bitcoin was around 45 percent of the total crypto market cap at $846.52211B. Ethereum’s market value, on the other hand, was around 19.43 percent of the total crypto market cap at $364.76386B.