XRP Surges 44% to Become Top 10 Gainer of the Year

In a year filled with ups and downs for the cryptocurrency market, XRP has established itself as one of the top 10 gainers, showcasing a remarkable surge of 44% since the beginning of the year. Despite recent setbacks and a dip below the psychological level of $0.50, XRP has exhibited resilience and captured the attention of investors.

Renowned price-tracking platform CoinGecko recently drew attention to XRP’s exceptional performance in a tweet highlighting the year-to-date progress of the ten most considerable crypto assets

Unsurprisingly, Bitcoin claimed the top position with an impressive 84% surge from its starting price of $16,540. Solana closely followed with a notable 70% increase, despite its previous stumble during last November’s FTX collapse. Ethereum secured the third spot, boasting a 59% rise.

XRP firmly secured its place in the top rankings, occupying the fourth position with a substantial rally of 44%. At the beginning of the year, XRP had a value of $0.34, having concluded the previous year with a disheartening 59% decline due to the repercussions of the Terra and FTX implosions and mounting legal pressures.

However, the tide has turned in favor of XRP this year, as investors regained optimism and grew confident in a favorable outcome in the ongoing Ripple vs. SEC lawsuit. The public disclosure of Hinman’s emails further bolstered this positive sentiment. Ripple, the company behind XRP, has also made significant strides, expanding its reach in the custody space and venturing into the realm of central bank digital currencies (CBDCs).

As the year progressed, the broader cryptocurrency market faced a bearish storm, causing setbacks for XRP. Nevertheless, XRP showcased its resilience and embarked on several notable rallies. It launched on a solo run in March, marking its highest rally. Within 18 days, XRP surged from $0.3699 on March 11 to an impressive $0.5850 on March 29, representing a remarkable 59% increase.