XRP surges as altcoin outperforms major cryptocurrencies
Date: 2025-01-02 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
On January 1, Ripple's XRP token rose to $2.32, up 10% from its previous 24-hour price. This jump made XRP the leader among the largest cryptocurrencies for the day. Among the top 100 coins by market cap, only Stellar has shown a more significant increase. At the time of writing, XLM, ranked 18th in the ranking, is trading around $0.4, having increased its value by 29% in the last 24 hours.
This rise has improved XRP's weekly performance, returning it to the "green zone" after recent drops. The token’s market cap has surpassed $132 billion, with daily trading volume up more than 36% to $6.3 billion. Over the past 24 hours, XRP has fluctuated between $2.08 and $2.32. Despite the daily gains, the token has lost more than 14% of its value over the past month. However, bullish sentiment in the crypto market in 2025 gives bulls hope for a new all-time high, which is currently 38% below the record of $3.40 set in 2018.
Interestingly, the double-digit growth occurred amid the transfer of 300 million XRP (worth more than $649 million) to a Ripple wallet. This large transaction was recorded by Whale Alert on January 1. This is part of the monthly release of XRP from an escrow account.
Additionally, newly elected US President Donald Trump, who is expected to take office this month, is considered one of the factors contributing to the strengthening of XRP price due to his pro-Republican and pro-cryptocurrency stance.
