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XRP Now Accounts for 3% of the Total Crypto Market Cap. The world's 4th largest cryptocurrency now has a market cap of nearly $75 billion, Finance Magnets reports.

XRP saw a jump of more than 40% in the last 7 days as the world's 4th most valuable digital currency accelerated its price healing. The cryptocurrency is currently trading above $1.6 with a market cap of more than $74 billion.

According to Coinmarketcap, the XRP market cap has acquired substantial value during the last couple of weeks. XRP now has almost 3.2% of the overall market cap of digital currencies.

XRP price is now up by more than 500% considering that the start of this year. The cryptocurrency was trading at around $0.23 on 1 January 2021. The price rally gathered momentum in April as the digital currency increased from $0.57 to $1.95, the highest level in more than 3 years.

The overall market dominance of XRP has been on the rise given that the start of April. The latest jump in Ethereum, BNB, and XRP is causing a sharp decline in Bitcoin's market supremacy. The cryptocurrency likewise reported a significant jump in weekly institutional inflows during April as the digital possession drew in around $33 million in the 2nd week of April.

Whale Alert highlighted large XRP transactions over the weekend, primarily from the Ripple Escrow Wallet. Crypto transfers worth more than $1 billion were reported throughout the last 3 days. Whale Alert likewise mentioned the motion of 7 million XRP coins from a digital wallet to cryptocurrency exchange Huobi. Financing Magnates previously reported about the transfer of 15 million XRP from digital exchange crypto.com to an unidentified wallet.

The overall distinction between the market cap of XRP and Binance Coin (BNB) presently stands at around $20 billion. In general, the market cap of digital currencies touched $2.27 trillion on Monday, the highest level on record. The world's biggest digital currency Bitcoin (BTC) presently has a market cap of more than $1.08 trillion.

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