XRP experienced a significant price surge on January 1, 2025, outpacing the top cryptocurrencies in the market, as the altcoin kicked off the new year with a notable gain.
The Ripple token, XRP, saw its value soar to $2.32, marking a remarkable 10% increase over the previous 24 hours. This sharp rise positioned XRP among the day’s top performers, surpassing several other leading cryptocurrencies by market capitalization.
Among the top 100 digital assets, only Stellar (XLM), ranked 18th at the time, posted higher gains. Stellar’s value jumped more than 29%, trading at approximately $0.40, according to data from crypto.news.
XRP’s strong performance reversed the downward trend from recent weeks, with its market capitalization climbing back above $132 billion. Additionally, daily trading volume surged by 36%, reaching $6.3 billion.
Over the past 24 hours, XRP traded between $2.08 and $2.32. Despite the impressive gains, the cryptocurrency remains more than 14% lower than it was 30 days ago. However, with market sentiment bullish for 2025, investors are hopeful that XRP may approach its all-time high of $3.40, which was reached in 2018, marking a potential upside of approximately 38%.
The surge in XRP’s price comes amid a substantial transaction where Ripple’s wallet received 300 million XRP, valued at over $649 million. This transfer, highlighted by Whale Alert on social media platform X, is part of the monthly escrow unlock for XRP tokens. This event coincides with the incoming U.S. administration under President-elect Donald Trump, whose pro-cryptocurrency stance has been viewed as a catalyst for driving XRP’s recent price spike.
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