XRP News: XRP Surges 89% While BTC and ETH Lag in Yearly Gains

In the last 365 days, XRP increased 89 percent, compared to BTC, ETH, and CoinDesk 20 Index (CD20). The investor interest in its future has been triggered by regulatory victories and new ETFs.

XRP has been in the headlines with an 89 percent return last year, while big crypto such as Bitcoin (BTC), Ethereum (ETH), and the CoinDesk 20 Index (CD20) have little or negative returns. 

This is a unique performance that would leave XRP as the only major token with a strong positive momentum in a low-energy market in CoinDesk data.  

In contrast to BTC and ETH, which barely reached single-digit growth by 3.6% and 3.6% respectively, the XRP increase is supported by significant advances. 

The new settlement of the SEC lawsuit against Ripple eliminates a significant regulatory barrier in the U.S. that clears the way towards greater institutional adoption and mainstream usage in payments.  

Ripple’s Growing Edge Sparks Curiosity

The rise of XRP is also pegged on technical developments, including the introduction of XRPL EVM sidechain and the release of the Ripple RLUSD stablecoin that swiftly reached a market valuation of more than a billion dollars. 

Strategic collaborations in major markets, such as the Middle East, have enhanced the standing of Ripple, making XRP more attractive than payments to decentralized finance (DeFi).  

The launch of the Canary Capital spot XRP ETF in the U.S. has increased investor excitement and ranks as the biggest day one volume of any ETF this year. 

The ETF is viewed as an entry point to institutional capital entering XRP, accessing the $100 trillion of traditional finance entering the blockchain.  

XRP stands out on 365 days as BTC, ETH, and other indices lag. (CoinDesk Indices)

Although XRP becomes more volatile than BTC, experts believe that long-term, constant investment by institutions would eliminate the heavy swings in the price and keep the bullish trend afloat.

Related Reading: XRP News: XRP Whales Dump 200 Million Coins -Crash Incoming?

Bitcoin, Ethereum, and Other Cryptos Lag.  

As XRP increased by 89, Bitcoin and Ethereum barely rose by 3.6%. Other tokens, such as Solana and Cardano, incurred losses of over 36%. 

The CoinDesk Meme Index fared the worst, falling 78 percent, which indicated stress in more risky crypto assets.  

XRP is 36 percent off its recent all-time high but is performing well as the only large crypto with positive year-to-year returns, which suggests a strong ability to withstand the tumultuous market.