XRP Accounts for 2% of the Crypto Market Cap
- The crypto asset is currently trading near $1.10.

According to the latest data published by Coinmarketcap, XRP is currently trading near $1.10. The cryptocurrency has increased by more than 15% in the last 30 days. Since the beginning of this week, the digital asset has stayed above the market cap of $50 billion.
In terms of price gains, XRP has outperformed several other digital assets this year. The cryptocurrency has soared by more than 400% in 2021. In contrast, Bitcoin jumped by approximately 120% during the same period.

(Coinmarketcap)
One of the major reasons behind the growing crypto dominance of XRP is its popularity among retail and institutional investors. Last week, Finance Magnates reported about the growing popularity of XRP among UK-based investors. According to a report released by eToro, a prominent multi-asset investment platform, UK-based retail investors preferred XRP over other cryptocurrency assets in the last quarter.
XRP in 2021
The world’s 6th largest digital asset started 2021 at a price level of just $0.22. XRP achieved a high of $1.94 on 14 April but saw a major correction in the following weeks. However, the cryptocurrency has seen stability since mid-August as the price has stayed above the important price level of $1. In the last 30 days, the digital asset has seen a consistent rise in its value. XRP has added nearly $8 billion to its market cap in the last month.
Apart from the retail interest, its institutional adoption has increased substantially in 2021. Its applications in cross-border payments have played an important role in its growing adoption. In the Q1 2021 Markets Report, Ripple, one of the leading Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term firms in the world, highlighted a significant surge in demand for XRP. Furthermore, the company has collaborated with several financial firms to increase the adoption of XRPL.
According to the latest data published by Coinmarketcap, XRP is currently trading near $1.10. The cryptocurrency has increased by more than 15% in the last 30 days. Since the beginning of this week, the digital asset has stayed above the market cap of $50 billion.
In terms of price gains, XRP has outperformed several other digital assets this year. The cryptocurrency has soared by more than 400% in 2021. In contrast, Bitcoin jumped by approximately 120% during the same period.

(Coinmarketcap)
One of the major reasons behind the growing crypto dominance of XRP is its popularity among retail and institutional investors. Last week, Finance Magnates reported about the growing popularity of XRP among UK-based investors. According to a report released by eToro, a prominent multi-asset investment platform, UK-based retail investors preferred XRP over other cryptocurrency assets in the last quarter.
XRP in 2021
The world’s 6th largest digital asset started 2021 at a price level of just $0.22. XRP achieved a high of $1.94 on 14 April but saw a major correction in the following weeks. However, the cryptocurrency has seen stability since mid-August as the price has stayed above the important price level of $1. In the last 30 days, the digital asset has seen a consistent rise in its value. XRP has added nearly $8 billion to its market cap in the last month.
Apart from the retail interest, its institutional adoption has increased substantially in 2021. Its applications in cross-border payments have played an important role in its growing adoption. In the Q1 2021 Markets Report, Ripple, one of the leading Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term firms in the world, highlighted a significant surge in demand for XRP. Furthermore, the company has collaborated with several financial firms to increase the adoption of XRPL.