XRP Posts 89% Gain Over 365 Days Amidst Mixed Crypto Market Performance
Over the past 365 days, XRP has surged by 89%, significantly outpacing other major cryptocurrencies. Bitcoin and the CoinDesk 20 Index have risen approximately 3.6%, while the CoinDesk 5 Index and Ether increased just over 2%. Meanwhile, Solana and Cardano have declined by more than 36%, and the CoinDesk Meme Index has dropped 78%.
Despite the strong yearly growth, XRP's price remains 36% below its all-time high of above $3.60, reached four months prior. Bitcoin is also down about 24% from its October 8 peak above $126,000.
Key factors driving XRP’s outperformance include the resolution of the SEC lawsuit against Ripple, the rollout of the XRPL EVM sidechain, and the RLUSD stablecoin reaching a $1 billion market cap within a year of its December 2024 launch. Ripple has also advanced partnerships in the Middle East and applied for a U.S. banking license. Additionally, Canary Capital's spot XRP ETF debuted with the year's highest first-day volume.
Industry observers expect XRP ETFs to generate strong institutional demand. Bitwise CEO Hunter Horsley noted significant interest in XRP, suggesting that ETFs could broaden exposure for a large asset pool on traditional financial rails.
XRP exhibits a 365-day volatility of about 91%, higher than Bitcoin's 44%. Only the CoinDesk Meme Index (115.85%) and Cardano (100.55%) have greater volatility. This development highlights XRP's expansion beyond payments into decentralized finance through XRPL EVM and RLUSD, potentially increasing its appeal amid ongoing regulatory changes.
