Investing.com – XRP was trading at $0.69590 by 01:18 (06:18 GMT) on the Investing.com Index on Friday, up 10.09% on the day. It was the largest one-day percentage gain since February 7.
The move upwards pushed XRP’s market cap up to $33.11567B, or 1.94% of the total cryptocurrency market cap. At its highest, XRP’s market cap was $83.44071B.
I for one dont care a shit about what AMERICA want XRP IS here
XRP had traded in a range of $0.68836 to $0.70459 in the previous twenty-four hours.
Over the past seven days, XRP has seen a drop in value, as it lost 12.68%. The volume of XRP traded in the twenty-four hours to time of writing was $4.24615B or 3.33% of the total volume of all cryptocurrencies. It has traded in a range of $0.6225 to $0.8535 in the past 7 days.
At its current price, XRP is still down 78.85% from its all-time high of $3.29 set on January 4, 2018.
Elsewhere in cryptocurrency trading
Bitcoin was last at $38,628.0 on the Investing.com Index, up 11.45% on the day.
Ethereum was trading at $2,619.50 on the Investing.com Index, a gain of 12.38%.
Bitcoin’s market cap was last at $728.97189B or 42.61% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $311.66468B or 18.22% of the total cryptocurrency market value.
XRP: A popular cryptocurrency that may not be right for most
Gold has been around for a very long time. Crypto like XRP, though, is essentially still in its infancy. Could it be the next gold or even a better form of gold for alternative investors? Sure, but its track record is a major question mark in my books. That’s why I wouldn’t look to assets like Bitcoin or XRP as a safe haven. As we found out two years ago, it can crumble just like stocks can. Worse, it can fall under its own footing, without having to follow broader stock markets lower.
Gold, on the other hand, has done pretty well during this 2022 stock market correction. As geopolitical tensions surge, I expect gold to rally toward the US$2,000 per ounce mark. As for crypto assets, I have no idea. I still view them as more of a speculative play like a growth stock than a safe store of wealth like precious metals.
So, unless you’re looking to add risk, XRP may not be the ideal choice at this juncture for prudent investors looking to fight off both inflation and market volatility.
Without further ado, consider the following value stock I’d rather own over an asset like XRP at this juncture: