XRP experienced a notable surge of over 20% on Friday, outperforming leading digital assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). This increase has propelled XRP to become the fifth-largest cryptocurrency by market capitalization, now exceeding $107 billion. As of the latest trading data, XRP is priced at $1.87, reflecting a remarkable 99% increase over the past two weeks. This performance has allowed XRP to surpass Binance Coin (BNB) in market capitalization, signaling a resurgence of investor interest. XRP Breaks Free From Three-Year Stagnation The recent rally marks a significant turnaround for XRP, which had been consolidating between $0.30 and $0.60 for nearly three years. This period of stagnation was largely attributed to the end of the 2021 bull run and the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC). Related Reading: Second Distribution By Celsius Network: Creditors To Receive Bitcoin Valued at $95,000 Each The SEC’s classification of XRP as an “unregistered security” has created substantial uncertainty for investors, particularly in the US, which has impacted the token’s market performance. However, recent political ..
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