XRP has solidified a position among the top 10 biggest gainers this year, sitting only below Bitcoin (BTC), Solana (SOL), and Ethereum (ETH).
XRP has faced multiple declines over the last week, dropping below the $0.50 psychological level amid an uptrend across the broader market. Despite this recent bearishness, XRP remains one of the largest top 10 gainers this year, currently facing a 44% increase from the value it started the year with.
Notable price-tracking platform CoinGecko called attention to this impressive feat in a recent tweet highlighting the year-to-date performance of the top 10 crypto assets (excluding stablecoins).
Top 10 crypto performance, year-to-date ?
We're halfway through 2023, with #Bitcoin and #Ethereum gaining 84% and 59% respectively.
Where do you see the market heading next? pic.twitter.com/mYgdXyfZWt
— CoinGecko (@coingecko) June 26, 2023
Per data from a chart, Bitcoin is leading the charge among the ten largest crypto assets, surging by 84% from the price of $16,540 it began this year with. Solana followed closely, with an impressive 70% increase YTD, despite the hit it took during the FTX collapse last November. Ethereum came third, posting a 59% increase.
XRP is up 44% YTD
XRP sits in the fourth spot, having rallied by a massive 44%. XRP began the year with a value of $0.34. The asset closed the previous year with a discouraging 59% decline following the impact of the Terra and FTX implosions and mounting legal pressure.
However, this year has been generally favorable to XRP, with renewed optimism among investors and confidence in a favorable ruling in the Ripple vs. SEC lawsuit in the shape of Hinman emails becoming public. Ripple has also made several growths moves this year, penetrating the custody scene and extending its CBDC reach.
Despite the legal pressure from the SEC case, XRP leveraged the rally that began earlier this year. The asset surged by 20.69% in the first four weeks of the year, soaring to a high of $0.4134.
The broader market faced a bearish storm as the year progressed, resulting in declines for XRP. Nonetheless, XRP championed a solo run in March, its highest rally this year. This solo rally saw XRP rise from $0.3699 on March 11 to $0.5850 on March 29. The surge marked a 59% increase in 18 days.
Despite a series of drops, XRP has shown resilience, staging two more solo runs in May and June. At the time of the CoinGecko report, XRP was changing hands at $0.49, which represents a 44% increase YTD.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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