XRP Surges to New High Against ETH: Exchange Rate Peaks at 0.00128 in March 2023

According to recent market analysis by COINOTAG on March 16th, there has been a notable fluctuation in the XRP to ETH exchange rate, which briefly peaked at 0.00128 before declining to 0.00123. This level marks the highest point since March 2020, indicating a significant upward trend for XRP. Additionally, when assessed against Fully Diluted Valuation (FDV) metrics, the market capitalization for XRP stands at an impressive $238.75 billion, surpassing that of Ethereum, which sits at $232.18 billion. This data suggests a shifting dynamic in the competitive landscape of cryptocurrency valuations, highlighting XRP’s strengthening position within the market. Investors are advised to remain vigilant as these trends unfold, reflecting broader movements within the cryptocurrency ecosystem.