In anticipation of today’s Federal Open Market Committee (FOMC) statement, Ripple Labs-backed XRP has surged, marking a significant upswing in its market performance. With a fully diluted valuation approaching $65 billion and a robust daily trading volume averaging around $3 billion, XRP has recently gained over 8 percent within 24 hours, reaching a peak of approximately $0.657.
Read MoreSouth Korea's crypto market is abuzz with activity, but one cryptocurrency is outshining the rest: Ripple's XRP. XRP has experienced a staggering 31% surge in recent days, leaving even the dominant Bitcoin in its dust.
Read MoreDespite a general downturn in the broader cryptocurrency market, Ripple's XRP token is defying the trend by attracting a notable $1.2 million inflow. This contrasts sharply with Bitcoin, the leading cryptocurrency, which has seen an outflow of $904 million over the past week.
Read MoreFollowing the announcement of a subsequent decline in the Japanese Yen, which alarmed investors, SBI CEO Yoshitaka Kitao's earlier remarks regarding the potential of XRP gained traction once again.
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