How XRP Outperformed Bitcoin in 2024 and Became the Crypto Industry's Revival Story of the Year

Fast forward to 2024, and XRP is back at $2, still in the red amid the broader crypto market downturn, but stronger than ever and less volatile

Despite the SEC lawsuit and the broader crypto market downturn, XRP managed to remain resilient, outperforming Bitcoin and other major cryptocurrencies and returning to the top three cryptocurrencies by market cap.

The lawsuit, which began in December 2020 and alleged that Ripple and its executives engaged in an unregistered securities offering by selling XRP, had a significant impact on the cryptocurrency and its price.

However, Ripple and XRP managed to overcome the legal challenges and the bearish crypto market trend, with XRP returning to the $2 price level and hitting a new all-time high by the end of 2024.

This was a remarkable recovery for XRP, which had faced the threat of being delisted from major cryptocurrency exchanges and faced regulatory uncertainty due to the SEC lawsuit.

Despite the lawsuit and the SEC's attempt to classify XRP as a security, the cryptocurrency remained listed on major exchanges and was supported by a large community of users.

This support, along with the broader crypto market recovery in 2024, helped XRP return to the top three cryptocurrencies by market cap and achieve a new all-time high.