XRP Market Cap Jumps above $72 Billion
- The world’s 4th largest cryptocurrency is now more valuable than BNP Paribas.

The XRP price jumped above $1.50 on Tuesday after a gain of nearly 15% in the last 24 hours. The total market cap of the world’s 4th largest digital currency crossed $70 billion for the first time since January 2018.
According to the latest data published by Coinmarketcap, the total value of XRP is now more than the market cap of French banking giant, BNP Paribas. The Paris-based banking group currently has a market cap of nearly $64 billion.
The latest jump in XRP price came after a surge in demand from retail traders. The price jumped from $0.55 to as high as $1.58 within the last 2 weeks.
Ripple, the San Francisco-based 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 company, announced in March 2021 that the company has acquired a 40% stake in Tranglo, one of Asia’s largest cross-border payment firms. XRP price experienced a major jump following the news.
Adoption of XRP Ledger
As a technology, XRP Ledger (XRPL) has seen significant adoption since the start of this year. According to a report published by CPA Australia, the central bank of France is actively considering Ripple and XRPL technology for the launch of a central bank digital currency (CBDC). Ripple announced in March 2021 that the company is testing a private version of the XRP Ledger to support CBDCs. During an interview with Reuters, Ripple CEO Brad Garlinghouse said that the company is growing in Asia.
XRP price is getting support from the recent positive news regarding the adoption of XRPL. As of writing, XRP is trading near $1.57 with a market cap of $72 billion which is the highest level since January 2018.
The XRP price jumped above $1.50 on Tuesday after a gain of nearly 15% in the last 24 hours. The total market cap of the world’s 4th largest digital currency crossed $70 billion for the first time since January 2018.
According to the latest data published by Coinmarketcap, the total value of XRP is now more than the market cap of French banking giant, BNP Paribas. The Paris-based banking group currently has a market cap of nearly $64 billion.
The latest jump in XRP price came after a surge in demand from retail traders. The price jumped from $0.55 to as high as $1.58 within the last 2 weeks.
Ripple, the San Francisco-based 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 company, announced in March 2021 that the company has acquired a 40% stake in Tranglo, one of Asia’s largest cross-border payment firms. XRP price experienced a major jump following the news.
Adoption of XRP Ledger
As a technology, XRP Ledger (XRPL) has seen significant adoption since the start of this year. According to a report published by CPA Australia, the central bank of France is actively considering Ripple and XRPL technology for the launch of a central bank digital currency (CBDC). Ripple announced in March 2021 that the company is testing a private version of the XRP Ledger to support CBDCs. During an interview with Reuters, Ripple CEO Brad Garlinghouse said that the company is growing in Asia.
XRP price is getting support from the recent positive news regarding the adoption of XRPL. As of writing, XRP is trading near $1.57 with a market cap of $72 billion which is the highest level since January 2018.