The battle for sixth place in terms of the largest cryptocurrency by market cap has taken another turn as XRP has reclaimed its spot after a week-long hiatus.
This came amid Rippleās massive rally over the past few days, including a surge above $1 and numerous speculations on X about a new all-time high.
The crypto market has gone through some turbulent times since the US elections last week. At one point, Dogecoin was the biggest gainer, surging by 150% within a week due to the assetās affiliation with Elon Musk and his future involvement in the Trump administration. Back then, DOGEās market cap shot up to roughly $60 billion and became the sixth largest digital asset, surpassing XRP and USDC.
Since then, the tides have turned and DOGE is down by 17% to $0.365, with its market cap declining to $52 billion. At the same time, XRP went on a roll and shot up by 100% within the past week to just over $1.1 now. This means that its own market cap has exceeded $60 billion, reclaiming XRPās position as the sixth largest asset.
Thus, Rippleās native token remains above $1 for the first time since the bull market back in 2021. The assetās gains come on the heels of speculations about Gary Gensler stepping down as the chairman of the SEC, as well as Rippleās CEO holding meetings with Trump about the future crypto policy in the States.
Ripple has one of the most devoted and growing communities, and they were quick to celebrate the milestone of going above $1. Moreover, predictions started to pop up left and right about the assetās potential during this bull market and whether it will ever be able to reclaim its 2018 glory when it hit an all-time high of $3.4.
Popular crypto analyst CryptoBull believes the $1.28 level is the most important barrier in the near future. If it goes down, XRPās next target could be $1.96 and eventually a new all-time high of almost $4.
The post XRP Surpasses DOGE After Rallying Above $1 Amid Predictions About New ATH for Ripple appeared first on CryptoPotato.
This came amid Rippleās massive rally over the past few days, including a surge above $1 and numerous speculations on X about a new all-time high.
XRP Above DOGE
The crypto market has gone through some turbulent times since the US elections last week. At one point, Dogecoin was the biggest gainer, surging by 150% within a week due to the assetās affiliation with Elon Musk and his future involvement in the Trump administration. Back then, DOGEās market cap shot up to roughly $60 billion and became the sixth largest digital asset, surpassing XRP and USDC.
Since then, the tides have turned and DOGE is down by 17% to $0.365, with its market cap declining to $52 billion. At the same time, XRP went on a roll and shot up by 100% within the past week to just over $1.1 now. This means that its own market cap has exceeded $60 billion, reclaiming XRPās position as the sixth largest asset.
Thus, Rippleās native token remains above $1 for the first time since the bull market back in 2021. The assetās gains come on the heels of speculations about Gary Gensler stepping down as the chairman of the SEC, as well as Rippleās CEO holding meetings with Trump about the future crypto policy in the States.
When New ATH?
Ripple has one of the most devoted and growing communities, and they were quick to celebrate the milestone of going above $1. Moreover, predictions started to pop up left and right about the assetās potential during this bull market and whether it will ever be able to reclaim its 2018 glory when it hit an all-time high of $3.4.
Popular crypto analyst CryptoBull believes the $1.28 level is the most important barrier in the near future. If it goes down, XRPās next target could be $1.96 and eventually a new all-time high of almost $4.
The post XRP Surpasses DOGE After Rallying Above $1 Amid Predictions About New ATH for Ripple appeared first on CryptoPotato.
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