XRP, the cryptocurrency tied to Ripple, surged significantly on January 1, kicking off 2025 with a strong performance. The altcoin soared to $2.32, marking a 10% increase in the past 24 hours and outperforming other top 10 cryptocurrencies by market capitalization.
Among the top 100 coins, only Stellar (XLM), ranked 18th, posted higher gains. XLM rose over 29% in the same period, trading around $0.40, according to crypto.news price data.
XRP’s impressive rally pushed its weekly performance back into positive territory after recent declines. The token’s market capitalization surged past $132 billion, while daily trading volume climbed by 36% to reach $6.3 billion. Over the last 24 hours, XRP traded within a range of $2.08 to $2.32.
Despite these gains, XRP remains 14% below its price from 30 days ago. However, with bullish sentiment dominating the crypto market in 2025, investors are eyeing a potential return to its all-time high of $3.40, last achieved in 2018. The current price is approximately 38% below that peak.
The rally came even as Ripple’s wallet received 300 million XRP, valued at over $649 million. Whale Alert, a blockchain tracker, flagged the transaction on January 1. This transfer was part of Ripple’s monthly escrow unlock process, a standard event in the token’s circulation management.
Market optimism around XRP has also been bolstered by political developments, including the impending inauguration of U.S. President-elect Donald Trump. His pro-crypto stance has been a driving factor in XRP’s recent price momentum.
As XRP starts the year on a strong note, analysts and investors are closely monitoring its next moves, hopeful for new milestones in the months ahead.
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