Ripple’s XRP token is currently the best performing cryptocurrency on the daily chart, among the top 100 projects by market capitalization. While other crypto assets, such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), etc., are burning red on the 24-hour chart, XRP is in the green zone.

XRP is up 15.9% on the daily chart, 46.6% on the weekly chart, 57.9% on the 14-day chart and 49.4% over the past month. The asset has reclaimed the $0.80 level for the first time since July 2023.


Why is XRP rising while other major cryptocurrencies are falling?

Investors may be taking profits after the recent market rally. Bitcoin (BTC) rose to a new record high of $93,477.11 on November 13, 2024. Some investors may have liquidated their holdings from other assets and reallocated their funds to XRP.

Ripple’s XRP is one of the most popular currencies for cross-border money transfers. The fintech company also settled a lawsuit with the SEC for $125 million. With no legal trouble on its way, XRP could be poised for a price surge.



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Will XRP Hit $1 Soon?

Ripple’s XRP token last traded above $1 in November 2021, three years ago. The asset is also down 76.1% from its all-time high of $3.40, reached in January 2018, nearly seven years ago. XRP has had a rough few years, failing to gain significant traction. Things could change soon for the asset.

According to CoinCodex analysts, XRP will continue to rise in the coming days. The platform predicts that the asset will surpass $1 next week. CoinCodex analysts predict that XRP will trade at $1.06 on November 18, 2024. The platform does not predict that XRP will hold above $1, predicting a correction to $0.84 on December 10, 2024.



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