XRP surged past $1.5 on Monday, extending its gains as the crypto market rallied under Bitcoin’s lead. The token has climbed roughly 13% over the past week, driven by renewed investor interest and improving market sentiment, CoinMarketCap data shows.
The digital asset now boasts a market capitalization of $94 billion, surpassing BNB and reclaiming its position as the fourth-largest crypto by market value.
Trading volumes have spiked sharply alongside price movement, rising roughly 109% over the past 24 hours.
Despite these gains, XRP remains roughly 58% below its all-time high set last July.
The market’s upward momentum extends beyond XRP, with major crypto assets climbing higher ahead of a key Federal Reserve policy meeting.
The Federal Open Market Committee will meet tomorrow, and market participants are preparing for potential signals about interest rate trajectory and monetary policy.
Bitcoin has led the charge, climbing back above $75,000, while the total market capitalization has rebounded to $2.6 trillion, a 3.5% increase in the past 24 hours.
Other major tokens, including Ethereum, Solana, Dogecoin, and Cardano, have also posted double-digit gains during the same period.
The price surge comes despite persistent institutional outflows of XRP investment products.
Data from CoinShares shows XRP-focused funds recorded $76 million in net outflows over the past two weeks, lagging behind major digital assets such as Bitcoin and Ethereum, which attracted rising investor inflows.
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