XRP Price Recovery: Will XRP Rank Under Top 5 in 2024?

XRP has been part of the crypto industry for more than ten years, sitting in the 7th position under the top categories for its market capitalization. Though XRP has maintained such a high position, its reputation in the market has declined to an all-time loser for its six-year-long crypto winter. With every new prediction and analyst claiming upcoming surges, XRP price has not moved any higher from its average of $0.5, except for a few exceptions. Ripple, the blockchain network, is behind the launch of the XRP, which has become the limiting factor and the gift for the token. XRP was launched in 2013, and for the first four years, its value struggled to reach deserving heights. However, with development and partnership, Ripple pushed the demand for the XRP token. As a result, XRP price surged to its all-time high of $3.31 on January 4, 2018, which has been the highest mark till today.

With the possibility of XRP achieving the $1 mark, its market cap will grow to 55,688,327,582 because of its circulating supply of 55,688,327,582 XRP tokens. This will be twice the current market cap of $26,398,603,379. With that, XRP could beat the USDC, the sixth-biggest cryptocurrency.

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