XRP Outpaces Top Coins with 10% Spike

The price of XRP surged significantly, rising more than 10% in the past 24 hours, as it began the year 2025 on a strong note, outpacing many of the top 10 cryptocurrencies by market cap. On January 1, Ripple’s XRP traded as high as $2.32, marking a notable gain.

These gains placed XRP among the leading performers for the day, ahead of other top 10 cryptocurrencies. Among the top 100 coins by market cap, only Stellar (XLM), ranked 18th at the time, showed higher gains. According to crypto.news data, XLM was trading around $0.4, up more than 29% in the last 24 hours.

XRP’s recent price increase turned its weekly performance back into the green following some recent downward movements. The altcoin’s market cap grew to over $132 billion, and daily trading volume surged by more than 36% to $6.3 billion.

In the past 24 hours, XRP traded between $2.08 and $2.32. While these gains were significant, the coin remains down by over 14% in the past 30 days. However, with a generally bullish crypto sentiment heading into 2025, investors are optimistic about XRP’s potential to reach new all-time highs, with its current price approximately 38% lower than its $3.40 peak in 2018.

XRP’s impressive rise occurred despite a major transaction where Ripple’s wallet received 300 million XRP, worth over $649 million. This transfer, highlighted by Whale Alert on January 1, is part of the monthly escrow unlock for XRP. Notably, this occurred during a time when U.S. President-elect Donald Trump’s pro-crypto stance, coupled with his election victory, has acted as a catalyst for the price boost.