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HomeCrypto NewsMarketExpert Says XRP Is ‘Still Running the Show’ With 488% Surge Since U.S. Election

Expert Says XRP Is ‘Still Running the Show’ With 488% Surge Since U.S. Election

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A popular market pundit has highlighted how XRP has outperformed major cryptocurrencies such as Ethereum, Bitcoin, BNB, and Solana since the U.S. election. 

In a post on X, Zach Rector compared the performance of the top five non-stablecoin cryptocurrencies, including XRP, Bitcoin, Ethereum, BNB, and Solana.

The post came shortly after BNB overtook XRP to become the third-largest crypto. To compound matters, USDT stablecoin also surpassed XRP, pushing the token down to fifth place in the global rankings.

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XRP Still Leads the Bull Run

While the development elicited concern among holders, Rector pointed out that XRP has outpaced other top-five cryptocurrencies since the U.S. election. According to him, XRP has surged by an impressive 488% since the U.S. election took place on November 5, 2024.

In contrast, within this timeframe, Bitcoin has only spiked by 83%, Ethereum by 95%, BNB by 136%, and Solana by 45%. XRP’s outstanding growth of 488% makes it the best-performing major asset since the election.

Rector echoed this sentiment, stressing that XRP is leading the current bull run, with no other top-five non-stablecoin cryptocurrency coming close to matching its performance.

XRP Bullish Run Since Election

Data from CoinMarketCap also highlights XRP’s incredible performance since the election. On election day, XRP traded at around $0.50. Following Donald Trump’s re-election, speculation surrounding a resolution of the Ripple lawsuit intensified, especially as Gary Gensler stepped down from SEC leadership.

These developments pushed XRP’s price to $2.30 by December 1. The token maintained its upward momentum, eventually surging to $3.38 just days before Trump’s inauguration in January 2025.

Although global geopolitical tensions triggered several market-wide corrections, XRP still reached a multi-year high of $3.65 on July 18, marking an impressive 630% increase from the $0.50 price.

Current Performance of the Top 5 Cryptos

However, XRP has struggled to continue its rally, with the token plummeting below the $3 mark earlier this week. As of today, XRP is trading below $2.90. In contrast, other top rivals such as Bitcoin, Ethereum, and BNB have posted significant gains over the past week.

Bitcoin surged to a new all-time high of $126,198, while BNB followed with a record peak of $1,336 on Thursday. Ethereum also came close to reclaiming its previous ATH, rallying to $4,755.

The strong performance of these major tokens has led many observers to argue that XRP has been lagging in the ongoing bull run. However, Zach Rector pushed back on this narrative, pointing out that XRP has outperformed Bitcoin, Ethereum, BNB, and Solana since the last U.S. election.

DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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