XRP Emerges As Top Performing Crypto With 55% Surge

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	28,894,233,760	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

28,894,233,760

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0008	-0.15%	0.5295	0.5294	0.5295

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.0008

-0.15%

0.5295

0.5294

0.5295

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.5322	0.5241	0.5299	0.5303	0.399480 - 0.950000

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.5322

0.5241

0.5299

0.5303

0.399480 - 0.950000

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:40:58	34.61	0.5295	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:40:58

34.61

0.5295

USD

Price x Volume	Volume	Base Symbol	Related Pairs
4,981,971.56	9,436,540.28	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

4,981,971.56

9,436,540.28

XRP Emerges As Top Performing Crypto With 55% Surge – Messari Report

20/05/2023 12:50pm

NEWSBTC

Amid the prevailing bearish trend in the crypto market, XRP has stayed afloat above other assets with impressive gains. A report from a leading crypto market intelligence product provider, Messari, revealed the Ripple native currency XRP took the lead in the overall crypto market in Q1. XRP Takes The Lead In Overall Crypto Market According to data from Messari, XRP outperformed other crypto assets with a 55% surge on a quarter-on-quarter (QoQ) basis. From the report, the market cap of XRP grew by a whopping 59.9% in the first quarter of the year. The value increased from $17.4 billion on January 1 to $27.4 billion on March 31. Related Reading: Crypto Assets Flow From Ethereum To BSC, Are Users Escaping High Gas Fees? Notably, the growth rate for XRP’s market cap exceeded the cumulative crypto market cap that witnessed a 46% surge within the same period. Messari’s report also showed that XRP kicked off the year with a trading price of $0.35 as of January 1. With the increasing volatility in the crypto market during the beginning of 2023, XRP rallied progressively through the days. As of January 23, XRP’s price hit $0.43 before retracting due to the influence of the bears. The token closed in January with a 19.71% increase in value. The second month wasn’t quite eventful for XRP as the price gradually dipped to $0.36 amid the downtrend in the overall crypto market. However, XRP ended February with a 7.27% drop as the price hit $0.37. Then XRP’s price rally took a more aggressive look in March. The price of XRP ranged from the beginning of March. But it gained momentum from March 21 as XRP broke the resistance level at $0.400. XRP sustained its volatility and pushed higher with a more bullish stance through the remaining days in March. The token rallied beyond the $0.500 region and progressed higher. Messari noted that XRP hit a 10-month high of $0.5850 on March 29, following a two-week price surge of 56%. This price rally was peculiar to XRP, although most crypto assets posted a decline during the period. Finally, XRP closed with a price of $0.54 on March 31, a 43% price surge for the month. The feat pushed the token to an overall price gain of 55% in Q1 2023. XRP Performance Analysis In Q1 2023 Besides the XRP’s price performance, the Messari report also highlighted other performance indicators for the token. The data shows an increase in XRP’s overall network activity metrics in Q1. The total active addresses and average daily transactions surged by 13.9% and 10.7%, respectively, on a QoQ basis. Related Reading: Ethereum Price Faces Confluence Of Bearish Factors and At Risk of Another Decline The total active addresses grew from the receiving addresses, which increased from 47,000 to 55,000 through a 17.1% surge. But XRP sending addresses dropped by 7.2%. -Featured image from Pixabay and chart from Tradingview.com

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XRPUSD Ripple