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XRP witnessed an incredible price surge on Monday as Bitcoin (BTC) achieved a new all-time high, breaking above the $70,000 price level for the first time. The altcoin witnessed an 18% price surge, reaching a daily high of $0.7440.
As per data from CoinGecko, the price of XRP as of 11:38 PM ET Monday stands at $0.693, up 14.6% in the past 24 hours. Further, there was a 302.2% surge in the trading volume of the XRP token, while its market capitalization stands at $38.02 billion.
According to the data pointed out by blockchain analysis platform Santiment on social media platform X (formerly known as Twitter), Bitcoin witnessed a 55% surge in social volume, while Ethereum (ETH) discussions went up 60%.
Notably, Santiment also pointed out that the top noticeable gainers along with XRP included Litecoin (LTC), which went up 15%, and Toncoin (TON), which surged by 28.74% in the past 24 hours. On the other hand, Solana (SOL) also witnessed a 9% increase in prices.
It is crucial to note that over the weekend, the number of Ripple (XRP) tokens that left the leading digital asset trading platform Binance exceeded 57 million. The move suggested that whales are not interested in selling the tokens, which could have resulted in the price spike witnessed in the last 24 hours.
Further, an expert has also predicted that XRP will break its six-year-old all-time high of $3.84 this year, irrespective of whether the lawsuit between Ripple and the Securities and Exchange Commission (SEC) of the United States concludes in favor of the firm.
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