XRP News: Ripple’s native crypto has once again created headlines, as it outpaces the second-largest crypto by market cap recently. According to recent reports, XRP and another top altcoin recorded more gains as compared to Ethereum over the last 30 days. This showcases the shifting strategy of the investors while indicating the growing confidence of the investors towards Ripple’s native asset.
XRP New: Ethereum Struggles Behind Ripple’s Native Crypto
In the latest post, top analytics platform Santiment noted that Ripple’s native crypto has outpaced Ethereum last month. In the last month, Ripple’s XRP surged by an impressive 36.9%, leaving Ethereum behind with a 4.7% decline in market cap. Solana also posted remarkable gains of 32.2% from December 21 to January 21, the report noted.
Meanwhile, the firm highlighted a notable trend: “The crowd has been slowly but surely turning against Ethereum (crypto’s #2 market cap) in favor of more exciting and outperforming assets like XRP (#3) and Solana (#4).” This shift highlights dissatisfaction among Ethereum traders, who are grappling with slower market cap growth compared to other top cryptocurrencies.
On the other hand, the analysis underscores how XRP has captured the market’s attention. With a steady upward trajectory, it continues to position itself as a formidable contender in the crypto race.
XRP and Solana Shine Amid Crypto Market Dynamics
The performance of XRP and Solana reflects a broader trend in the market. Both cryptocurrencies have demonstrated resilience and the ability to attract investor interest. In the latest XRP news, the crypto’s price movements are particularly noteworthy, showcasing its potential as a long-term investment.
Besides, the market sentiment was further boosted by Donald Trump’s election win and anticipation over crypto-friendly regulations in the US. A flurry of experts also anticipates an end to the long-running Ripple Vs SEC case, which could further boost the XRP price ahead.
On the other hand, Solana has gained traction due to its robust ecosystem and innovative technology. This dynamic growth places it in direct competition with Ethereum, raising questions about Ethereum’s dominance in the market.
What’s Next For XRP Price?
XRP price today continued its upward run and surged about 2% to $3.16. Its trading volume fell 56% to $7.5 billion. Notably, the crypto has maintained its positive above the $3 mark from yesterday, while touching a 24-hour high and low of $3.23 and $3.06, respectively.
Furthermore, the market sentiment also remained bullish, as evidenced by a surge of 3% in XRP Futures Open Interest. Amid this, a recent XRP price analysis hints at a likely surge to $4.4. Besides, a top market expert predicts a potential rally to $10 for Ripple’s native crypto.
Looking at the historical patterns, analyst EGRAG CRYPTO said that the crypto is gearing up for a robust rally. Notably, he has set a minimum target of a 406% rally for the crypto, which indicates a potential rally to $9.70. In addition, he also said that if the bullish momentum continues, the crypto is likely to hit $53 after clearing the key level of $32.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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