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Cryptocurrency News Articles
XRP (XRP) Shocked the Crypto World Last Year as It Experienced a Remarkable Surge, Notably Increasing Its Market Value
Feb 05, 2025 at 08:45 am
Starting at approximately $0.52 in November 2024, XRP's price jumped to around $2.46 by early 2025, marking an increase of nearly 373%.
XRP’s price has been surging over the past year, leaving many to wonder whether the third-largest cryptocurrency by market cap is set for a major breakout against Bitcoin.
From trading at around $0.52 in November 2024, XRP’s price had risen to roughly $2.46 by early 2025, a near 373% increase. At the time of writing, XRP is trading at $2.65, which translates to over 400% up year-to-date.
This sparked a lot of speculation on whether XRP will be seeing a large breakout against BTC.
If we take a look at the monthly price chart (courtesy of CoinMarketCap), we can see that XRP has been seeing some interesting price action.
But as always, when it comes to cryptocurrencies, this can change, although some experts and popular traders seem to be bullish on what’s to come.
Expert Opinion: Bullish, but Caution Advised
For example, a few days ago, Peter Brandt said on X that while he “doesn’t care about XRP,” there is “no way at the moment to define the chart other than a bull flag.” Of course, he did mention that the situation may change, hence caution is advised.
If we calculate XRP’s price with BTC’s market cap, the XRP price comes out to $34.17, which is nearly 13x where it trades today.
The signs do seem to be pointing towards the possibility of XRP breaking out against Bitcoin.
However, it is important to note that the above does not constitute investment advice of any kind, so please don’t take anything for granted. Always be sure to conduct thorough research before making any crypto-related decisions.
XRP’s Current Market Position
Recent market volatility, driven by geopolitical events like US President Donald Trump’s decision to impose tariffs on Canada, Mexico, and China, has affected XRP’s price (and all cryptos).
Despite this, XRP remains one of the top cryptocurrencies by market cap, currently sitting at $151.92 billion. Regulatory clarity has helped the cryptocurrency regain momentum, especially over the past year.
It is also worth noting that XRP could play a major role in cross-border payments and DeFi (Decentralized Finance) if the current adoption rates continue. We’ll just have to wait and see.
The post XRP Price Surges 400% in a Year: Breaking Out Against Bitcoin? appeared first on Coin Edition.
This article is from Coin Edition.
Coin Edition provides cryptocurrency news, bitcoin news, eth news, crypto mining, crypto trading, and crypto market analysis.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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