XRP (XRP) Rallies 13% as the Cryptocurrency Market Starts the Year with a $160B Surge

The cryptocurrency market has kicked off the year with a powerful rally, witnessing a $160 billion surge in market capitalization in just the past 24 hours. At the forefront of this surge is XRP, which has made significant strides by increasing over 13% during this period.

The cryptocurrency market has seen a powerful rally to kick off 2025, with a $160 billion surge in market capitalization in the past 24 hours alone. Leading this surge is XRP, which has made significant gains by rising over 13% during this period.

The native token of the XRP Ledger, now priced at $2.39, has emerged as one of the top performers in a market that is eager for momentum at the start of the year. XRP’s impressive rally and market position

XRP's notable rise began in early January, when it was trading at $2.08. In just a short span, it surged by more than 13%, pushing its price to $2.39. This surge has not only elevated its price but also propelled its total market capitalization to $137.5 billion.

As a result, XRP has cemented its position as the third-largest cryptocurrency by market capitalization, surpassing Tether's USDT stablecoin, which holds a market cap of $137.26 billion. The cryptocurrency market's booming start to 2025

The wider cryptocurrency market has been experiencing a major boost in 2025, which can be attributed to multiple factors that have piqued investor optimism.

One of the key drivers behind the market's surge is the expectation of a more crypto-friendly regulatory environment under President-elect Donald Trump. Speculation about favorable policies, including the establishment of a strategic Bitcoin reserve and the appointment of Paul Atkins as head of the SEC, has encouraged bullish sentiment across the market.

Moreover, the approval of spot Bitcoin exchange-traded funds (ETFs) last year has played a significant role in making digital assets more accessible to retail investors. These factors combined have created a perfect storm for bullish activity, pushing many cryptocurrencies, including XRP, to new heights.

XRP and the potential of a spot ETF

XRP's latest performance has led many to speculate about the future, particularly regarding the possibility of a spot XRP ETF. As the regulatory landscape evolves, several firms have already filed applications for spot XRP ETFs, including Bitwise, Canary Capital, WisdomTree, and 21Shares.

Ripple CEO Brad Garlinghouse has suggested that the launch of such a fund is “inevitable,” adding to the growing optimism surrounding XRP's future.

As the cryptocurrency market navigates these pivotal changes, XRP seems to be positioned well for growth. With a market capitalization now exceeding $137 billion and increasing momentum, XRP is on track to make waves in 2025. Whether the anticipated pro-crypto policies of the new administration will continue to fuel this bullish sentiment remains to be seen, but for now, XRP's impressive rally has caught the attention of both seasoned investors and newcomers alike.