XRP Leads Altcoin Surge Despite Not Matching All-Time High

Third Largest Crypto Shows Strongest Recent 24-Hour Gains Amid Election, Policy Ties

XRP has posted the highest 24-hour percentage gain among top-10 cryptocurrencies.
Open interest, a measure of active derivative contracts, reached its highest point in nearly six months, nearing its January record high.

While Bitcoin sets new record prices, XRP has outperformed its primary rivals by a significant margin on a 24-hour basis, powering up over 12% according to CoinGecko data. Price for XRP currently stands at $2.79.

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XRP Leads Altcoin Surge Despite Not Matching All-Time High Third Largest Crypto Shows Strongest Recent 24-Hour Gains Amid Election, Policy Ties

This surge follows exceptionally strong performance over the past seven days, where XRP climbed nearly 27%, narrowly topping Dogecoin. The longest-standing cryptocurrency after Bitcoin and Ethereum, XRP remains 18% below its 2018 all-time high of $3.40.

XRP’s elevated open interest of $7.2 billion marks a monthly high and is indicative of increased activity in its futures contracts, drawing close to the January high of $8.3 billion, a peak not reached since April.

The performance gains align with the influence of recent political developments following President Trump’s election victory, the same factor resonating heavily across the broader crypto market as Bitcoin recently hit an all-time high exceeding $118,000. XRP’s creators Fintech Ripple actively engage in policy advocacy, which may contribute to its bullish movement.