Indian Crypto Market Surges: XRP Rockets 50% Amid Altcoin Demand

The Indian crypto market is experiencing a strong uptrend, with Bitcoin and other major cryptocurrencies surging in value. Ripple's XRP token is leading this rally, having rebounded from ₹100 to nearly ₹165.

This significant rise in the country's crypto market can be attributed to several factors, including growing institutional interest and the US Treasury announcement on a long-term bond buyback program. The weaker rupee has also contributed to the surge in the country's crypto market.

XRP outperformed Bitcoin today, with a 50% rise in seven days and 34% in the last 30 days. Meanwhile, BTC is far behind, recording only 23% and 22%, respectively.