$XRP Ripple Surpasses Solana as XRP Price Hits 6-Year High Above $2

The impressive performance of Ripple’s native token continues with another surge in the past 24 hours that pushed its price above $2 for the first time since early 2018.

In the process, XRP has surpassed SOL to become the fourth-largest cryptocurrency by market cap.

The entire crypto market started to chart impressive gains after Donald Trump’s victory in the 2024 US presidential elections nearly a month ago. At first, though, XRP was sort of sluggish and trailed behind, losing ground to other assets like DOGE.

However, once rumors started to circulate that SEC Chair Gary Gensler will step down once Trump takes office, Ripple’s token began its mindblowing rally.

It was only solidified last week when Gensler officially announced that he will vacate his position as the Chairman of the US regulator that has been in a legal battle against Ripple for roughly four years.

Analyst Predicts Bullish Rally. XRP is trading just below the critical $2 mark, a level that served as the local top during the 2021 bull cycle. The price has been steadily climbing, fueled by bullish momentum, and appears poised to push higher.