Ripple’s XRP has managed to surge past $2 after what felt like an eternity, sitting at exactly $2.10 as of press time. Not only that, but the coin has managed to overtake Solana, which used to be considered this cycle’s top performer.
Fox Business journalist Eleanor Terrett marked the occasion with a post on X, saying:
“Wow. Pre-lawsuit, XRP was the third largest cryptocurrency by market cap. When the SEC sued Ripple in December 2020, the price fell from around $0.50 to $0.17, taking out with it more than $15B in market value. While the price recovered, XRP spent the next four years at the #7 spot. It’s now risen back to the #4 spot and reached $2, up nearly 300% this month.”
XRP first made its comeback after President Donald Trump’s win on November 5th, along with the rest of the crypto market. Then came SEC chair Gary Gensler’s resignation announcement, and the XRP Army lost it. The bears were flipped into bulls in a blink of an eye.
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