The cryptocurrency market kicked off 2025 on a high note, with XRP leading the pack. On January 1, the Ripple token surged to a high of $2.32, marking a gain of over 10% in the past 24 hours.

XRP Outperforms Top 10 Cryptocurrencies

XRP’s sharp rise put it at the top of the leading gainers, outpacing other top 10 altcoins by market capitalization. In the top 100 coins by market capitalization, only Stellar (XLM) posted higher gains, with a rise of over 29% in the past 24 hours.

As a result of XRP’s upside, the altcoin’s weekly performance turned green after recent downside action. The market capitalization jumped to over $132 billion, and daily trading volume increased by more than 36% to $6.3 billion.

XRP Price Movement

Within the past 24 hours, XRP has ranged between $2.08 and $2.32. While the coin has notable gains on the day, it remains more than 14% down in the past 30 days. However, with crypto sentiment largely bullish for 2025, bulls may fancy their chances of getting a new all-time high, which is currently about 38% off the $3.40 high hit in 2018.

Ripple’s Wallet Receives 300 Million XRP

XRP’s double-digit rise came despite Ripple’s wallet receiving 300 million XRP worth over $649 million. The transfer is part of the monthly escrow unlock for XRP.

The recent surge in XRP price may be attributed to the pro-crypto stance of U.S. President-elect Donald Trump, who will be inaugurated into office this month.

As we enter 2025, the crypto market is filled with optimism and potential for growth.

Before making any investment decisions, remember that the cryptocurrency market is highly volatile and subject to change. It’s essential to stay informed and do your own research.

For more news on the cryptocurrency market and web3, visit Global Crypto News. Stay up-to-date with the latest trends and insights in the world of cryptocurrencies, investing, and finance.

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