CNBC Praises XRP's Performance
XRP has been recognized by CNBC as the standout winner in the recent cryptocurrency rally following the U.S. presidential election. Under the new administration, XRP surged to nearly $3 earlier this month, marking an impressive 370% price increase since Election Day.
Key highlights:
- Price surge: XRP jumped from ~$0.50 pre-election to $2.86 by December 3
- Outperformed peers: While Bitcoin rose 46% and the broader crypto market averaged 93% gains, XRP's 370% growth dwarfed both
- Market cap milestone: Briefly became the #3 cryptocurrency by market capitalization, surpassing Solana (SOL) and Tether (USDT)
Analysts attribute this growth to:
- Resolution optimism around Ripple's ongoing lawsuit
- Renewed institutional interest following the court's "not a security" ruling
- Pro-crypto policies expected from the new administration
👉 Discover how XRP compares to other top cryptocurrencies
What's Next for XRP?
ETF Race Heats Up
Major investment firms including Grayscale, Bitwise, and WisdomTree are competing to launch XRP ETFs. Industry observers note XRP could become:
- The third cryptocurrency with SEC-approved ETF
- A bellwether for altcoin institutional adoption
Recent Price Action
After dipping below $2 on December 10, XRP rebounded to $2.40 following:
- NYDFS approval of Ripple's RLUSD stablecoin
- Positive technical analysis from veteran trader Peter Brandt
FAQs
Q: Why did XRP outperform other cryptos?
A: Combination of lawsuit optimism, institutional interest, and favorable regulatory expectations under the new administration.
Q: Are XRP ETFs likely to be approved?
A: Several firms have filed applications, but SEC approval remains uncertain - though chances improved with recent court rulings.
Q: What's the price prediction for XRP?
A: While volatile, analysts see potential for new highs if ETF applications succeed and the lawsuit concludes favorably.
👉 Learn more about trading XRP safely
Market Outlook
The cryptocurrency sector continues evolving rapidly, with XRP demonstrating how altcoins can outperform market leaders under favorable conditions. Investors should monitor:
- Regulatory developments
- Institutional adoption trends
- Technical support/resistance levels
Disclaimer: Cryptocurrency trading involves risk. This content does not constitute financial advice.