XRP price hits $2.50, surpassing Solana’s market cap

Ripple’s XRP is back in the spotlight and has reached a major milestone with an increase of over 30% in a single day. With a current price of $2.42, the token hit an intraday high of $2.50, surpassing Solana’s market cap of over $138 billion.

This marks a historic comeback for XRP, which has not seen such highs since early 2018 when it hit an all-time high of $3.40. With the recent price increase, XRP has now become the third largest crypto asset by market capitalization after Bitcoin and Ethereum.

According to data from Coinmarketcap, XRP’s market cap is now at an impressive $137.6 billion, surpassing Solana’s peak of $108 billion with this latest increase.

The recovery began after Donald Trump’s election victory and gained momentum with the resignation of SEC Chairman Gary Gensler. XRP’s trusted community, often called the XRP Army, quickly moved from a bearish mood to a bullish enthusiasm.

The token’s journey from top crypto lawsuit to loser at No. 7 following the SEC’s case against Ripple in 2020 has been dramatic. However, this month’s 300% rally shows renewed confidence.

Journalist Eleanor Terrett highlighted this turnaround, noting that XRP’s resilience and growth have redefined its role within the crypto world.

With trading volumes up over 90% in the last 24 hours, Ripple’s XRP is firmly back in the race for dominance, sparking optimism about its future.

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