XRP outpaces top coins with 10% spike

The price of XRP climbed rapidly, outpacing the top ten cryptocurrencies by market capitalization, as the altcoin aimed to start 2025 on a positive note. On January 1, Ripple token XRP (xrp11.7%) reached a high of $2.32, up over 10% in the previous 24 hours.

These increases sent XRP to the top of the day’s gainers, outperforming the other top ten coins.

Among the top 100 coins by market cap, only Stellar (xlm19.92%), ranked 18th at the time of writing, experienced larger gains. According to crypto. news price statistics, XLM was trading at about $0.4, up more than 29% in the last 24 hours. 

Following recent downward movement, XRP’s upswing moved the altcoin’s weekly performance back into the green. Meanwhile, the market capitalization soared to over $132 billion, with daily trading volume increasing by more than 36% to $6.3 billion.

In the last 24 hours, XRP has traded between $2.08 and $2.32. While the coin made significant gains on the day, it is still more than 14% down in the last 30 days. However, with crypto sentiment mainly favorable for 2025, bulls may enjoy their prospects of achieving a new all-time high of approximately 38% off the $3.40 peak set in 2018.

XRP surged by double digits despite Ripple’s wallet receiving 300 million XRP worth more than $649 million. Whale Alert reported the transaction on January 1 via X.

The transfer is part of XRP’s monthly escrow unlock, which coincides with US President-elect Donald Trump’s inauguration. His electoral triumph and pro-crypto stance were among the reasons that helped boost the XRP price. 

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