Leading legacy media outlet CNBC claims #XRP was the biggest winner of the recent Donald Trump-led crypto rally.
XRP has performed exceptionally well since the U.S. election, with its price soaring close to $3 earlier this month.
XRP Outperforms the Broader Crypto Market
In XRP news today, CNBC has closely followed XRP’s incredible performance, labeling the asset as the biggest winner of the Trump-led crypto rally. According to its recent analysis, CNBC claimed XRP has surged by 370% since Trump emerged victorious in the election.
However, Bitcoin has only soared 46% in the same timeframe, while the broader crypto market has witnessed double-digit gains of 93%.
Prior to the election, XRP hovered around the $0.5 mark in early November. It dropped to this level after the U.S. SEC appealed the Ripple ruling. Interestingly, the price skyrocketed tremendously days after Trump won the election, soaring to $2.86 on December 3.
Amid its rally, XRP surpassed Solana (SOL) and Tether (USDT) to become the third-largest cryptocurrency by market cap. However, it recently lost this position to USDT following a heated head-to-head contest.
