Ripple’s XRP is once again in the spotlight, achieving a major milestone by surging more than 30% in a single day. With a current price of $2.42, the token reached a daily high of $2.50, surpassing Solana's market capitalization of over $138 billion.
This marks a historic comeback for XRP, which hasn't been this high since hitting an all-time high of $3.40 in early 2018. The recent price surge has made XRP the third-largest cryptocurrency by market capitalization, behind Bitcoin and Ethereum.
XRP price – Source: Coinmarketcap
According to data from Coinmarketcap, XRP's market cap has now reached a staggering height of $137.6 billion, surpassing Solana's $108 billion with this latest pump.
The resurgence began after Donald Trump's election victory and gained momentum with SEC Chairman Gary Gensler's resignation statement. XRP's trusted community, often referred to as the XRP Army, quickly grew from bearish sentiment to bullish enthusiasm.
Following the SEC lawsuit against Ripple in 2020, the token's journey from being the largest pre-litigation lawsuit against cryptocurrencies to losing to seventh place has been dramatic. But this month's 300% rally shows renewed confidence.
Journalist Eleanor Terret highlighted this turnaround, noting that XRP's resilience and growth has redefined its function in the crypto world.
With more than 90% support in the past 24 hours, expanding the buying and selling range, Ripple's XRP is once again firmly in the race for supremacy, sparking optimism about its fate.
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