Why Is Ripple’s (XRP) Price Up Today?
TL:DR;
- While most of the crypto market sits either deep in the red, as the case with SUI, or with insignificant gains, such as BNB and DOGE, Ripple’s native token has gone on a tear.
- But what’s behind this rally to a new multi-week peak of just over $2.5?
As the graph above showcases, Ripple’s native cross-border token plunged hard at the end of December, going from over $2.7 after the launch of the company’s stablecoin to a monthly low of $1.96.
It went through massive volatility in the following weeks, including another drop to under $2 on December 30, but managed to recover most losses and even spiked to $2.5 on January 4, 2025.
Another market-wide retracement followed that took…
