The cryptocurrency market has seen several ups and downs throughout the past couple of years. But the market’s trajectory during the last few months of 2024 and the beginning of 2025 has been impeccable. Several assets registered a massive uptick. But one asset was under the spotlight for all the right reasons. Ripple’s XRP has been a top performer and has recorded annual gains of over 300%. This comes as a major surprise to the XRP market, which had been in a rut for about seven years.
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Just as Donald Trump was ready to take office, the market began rising. A plethora of assets shot up in price as Trump was elected as the 47th President of the United States. XRP even rose to a high of $3.39 around the same time that Trump was taking office. While the asset is currently part of a market wide rut, investors were rethinking their investment choices.
Ripple’s XRP Jumps Nearly 10% In The Past 24 Hours
The majority of assets in the cryptocurrency market were recording an uptick. Ripple’s XRP hopped onto this trend as it was seen rising by 8.20% throughout the past 24 hours. Earlier today, the fourth-largest cryptocurrency was trading at a low of $2.07. At the time of writing, XRP was trading at $2.24.
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Counting Losses
It should be noted that XRP was priced at a high of $2.94 when Donald Trump took office on January 20, 2025. At $2.94 a token when Donald Trump took office, an investor who invested $4,000 in XRP would now have about $3,047.62 in value. This is because XRP is presently selling at $2.24. The asset’s volatility and the significance of timing in the cryptocurrency market are highlighted by this about 23.81% fall.
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