Ripple’s XRP is back in the spotlight, achieving a big milestone by surging over 30% in a single day. Currently priced at $2.42, the token hit a daily high of $2.50 and surpassed Solana’s market cap above $138 billion.
This marks a historic comeback for XRP, which hasn’t seen such heights since early 2018 when it hit an all-time high of $3.40. With recent price surge, XRP has now become third largest crypto asset by market cap after Bitcoin and Ethereum.
According to data from Coinmarketcap, XRP’s market cap now stands at an impressive height of $137.6 billion, surpassing Solana’s trails with $108 billion with this latest pump.
The resurgence started after Donald Trump’s election win and won momentum with SEC chair Gary Gensler’s resignation statement. XRP’s dependable community, frequently called the XRP Army, quickly grew from a bearish sentiment into bullish enthusiasm.
The token’s journey from being the largest crypto pre-lawsuit to losing to 7th, following the SEC’s case in opposition to Ripple in 2020 has been dramatic. However, its 300% rally this month displays renewed self-assurance.
Journalist Eleanor Terrett highlighted this turnaround, noting that XRP’s resilience and growth have redefined its function within the crypto international.
With buying and selling extent up with the aid of over 90% in the past 24 hours, Ripple’s XRP is firmly again inside the race for dominance, sparking optimism for its destiny.
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