The price of XRP rose sharply to outpace the top 10 cryptocurrencies by market cap as the altcoin looked to begin 2025 on a winning note.
On Jan. 1, Ripple token XRP (XRP) traded to highs of $2.32, rising more than 10% in the past 24 hours.
These gains put XRP on top of the leading gainers on the day above other top 10 coins.
In the top 100 coins by market cap, only Stellar (XLM) that ranked 18th at the time of writing was posting higher gains. Per crypto.news price data, XLM was changing hands around $0.4, up by more than 29% in the past 24 hours.
XRP’s upside pushed weekly performance for the altcoin back into the green after recent downside action. Meanwhile, the market cap jumped to over $132 billion and daily trading volume increased by more than 36% to $6.3 billion.
Within the past 24 hours, XRP has ranged between $2.08 and $2.32. While the coin has notable gains on the day, it remains more than 14% down in the past 30 days. However, with crypto sentiment largely bullish for 2025, bulls may fancy their chances of getting a new all-time high that currently is about 38% off the $3.40 high hit in 2018.
XRP rose double digits despite Ripple’s wallet receiving 300 million XRP worth over $649 million. Whale Alert highlighted the transaction on Jan. 1 via X.
The transfer is part of the monthly escrow unlock for XRP, with this coming in a month where U.S. President-elect Donald Trump will be inaugurated into office. His election victory and pro-crypto stance is one of the catalysts that helped XRP price higher.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
In a surprising turn of events, XRP has surged ahead of the top cryptocurrencies with a 10% spike in its value. This sudden increase has caught many investors off guard, as XRP has been relatively stable in recent weeks.
This spike in XRP’s price has propelled it past Bitcoin, Ethereum, and other top coins, making it one of the best-performing cryptocurrencies at the moment. The reasons behind this sudden surge are still unclear, but many analysts believe that it could be due to renewed interest in the digital asset or a large amount of buying activity.
Whatever the reason may be, XRP holders are undoubtedly pleased with this unexpected turn of events. Will this momentum continue, or is it just a temporary spike? Only time will tell, but for now, XRP is definitely the coin to watch in the cryptocurrency market.
Tags:
XRP, cryptocurrency, digital asset, market update, price surge, top coins, XRP news, Ripple, crypto market, cryptocurrency prices, XRP price increase, market analysis, XRP price spike, XRP price surge, XRP market performance, XRP price movement, XRP price rally, XRP price growth.
#XRP #outpaces #top #coins #spike
Leave a Reply