Ripple News: XRP Up 89% as BTC, ETH, and CoinDesk 20 Lag Over 365 Days

XRP has shown remarkable resilience by posting an 89% increase over the past 365 days, contrasting sharply with the muted performance of major cryptocurrencies like Bitcoin (3.6% gain) and Ether (2% gain). While XRP's price is down by 36% from its peak of $3.6 four months ago, it still stands as the only major asset with positive year-to-date returns. Various regulatory developments, notably the SEC lawsuit resolution against Ripple, have aided XRP's adoption and institutional interest. Furthermore, Ripple's expansion into DeFi applications and its successful ETF launch in the U.S. have reinforced XRP's market position. Despite its volatility, marked by a 91% annualized volatility rate, growing institutional engagement and potential ETF approvals may stabilize its price. The contrasting performances of XRP and other cryptocurrencies highlight a significant shift in market dynamics, making XRP a standout amid current trends in the crypto landscape.

Source 🔗