Ripple’s XRP token is on a meteoric rise, surging by an impressive 444% this month. The cryptocurrency, now trading at $2.74, has reached a six-year high and is just 36% shy of its all-time high (ATH) of $3.84 recorded in January 2018.
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With XRP holders reporting an average profit of +225%, the token outperforms major cryptocurrencies like Bitcoin and Ethereum.
For the first time since 2018, XRP has regained its position as the third-largest cryptocurrency by market capitalization, overtaking Tether (USDT) and Solana (SOL). With a market cap of $156 billion, it now holds a lead of approximately 12% over Tether and a significant nearly 40% over Solana.