XRP shoots to 3rd in crypto ranking after monster $30 billion weekly inflow
XRP has surged to the third spot in the cryptocurrency rankings by market capitalization, after adding over $30 billion in value over the past week. As of press time on July 12, XRP’s market capitalization stood at $163.98 billion, up from $131.41 billion a week earlier, an increase of about $32.57 billion. Notably, XRP peaked at $171.88 billion on July 11. XRP one-day market cap chart. Source: CoinMarketCap This momentum has also lifted XRP’s price, which is now testing the $3 resistance zone. At the time of writing, the token was trading at $2.77, up nearly 25% over the last seven days and more than 7% on the daily chart. XRP seven-day price chart. Source: Finbold Why XRP is rallying XRP’s rally has been fueled by its ability to track broader market sentiment, which has seen Bitcoin (BTC) hit a new all-time high above $118,000. Technically, XRP’s break above the $2.30 resistance level helped unlock further capital inflows. At the same time,...