XRP rose above $1.5 on Monday, extending its gains as the crypto market rallied led by Bitcoin. The token has rallied about 13% over the past week, driven by renewed investor interest and improving market sentiment, according to CoinMarketCap data.
The digital asset now boasts a market capitalization of $94 billion, surpassing BNB and regaining its position as the fourth largest cryptocurrency by market value.
Trading volumes have increased sharply alongside price action, increasing by approximately 109% in the last 24 hours.
Despite these gains, XRP remains around 58% below its all-time high set last July.
Bullish market momentum extends beyond XRP, with major crypto assets rising on the eve of a key Federal Reserve policy meeting.
The Federal Open Market Committee will meet tomorrow and market participants are preparing to receive potential signals regarding the trajectory of interest rates and monetary policy.
Bitcoin led the charge, climbing back above $75,000, while the total market cap rebounded to $2.6 trillion, an increase of 3.5% over the past 24 hours.
Other major tokens, including Ethereum, Solana, Dogecoin, and Cardano, also saw double-digit gains during the same period.
The price surge comes despite persistent institutional outflows of XRP investment products.
Data from CoinShares shows that XRP-focused funds saw $76 million in net outflows over the past two weeks, lagging major digital assets such as Bitcoin and Ethereum, which have attracted growing influxes of investors.
