XRP has been attracting attention in the cryptocurrency market by surpassing Ethereum's performance for six consecutive months. Once showing slow movement, XRP is now writing a new history by overtaking Ethereum, the world's largest altcoin, in recent price increases.
Since the legal dispute with the SEC began, XRP's price dropped from a high of $3.39 to $0.10. However, after Ripple's victory in the lawsuit against the SEC, XRP has rebounded to around $3.
Rising from its long slump, XRP has recorded higher returns than its strong competitor Ethereum over the past six months. Starting with a 160% surge in November 2024, followed by 18.5% in December, 45.3% in January 2025, 4.3% in February, 19.6% in March, and 14.3% in April.
The SEC's official withdrawal of the four-year Ripple lawsuit significantly contributed to XRP's strength. This event marked an end to the long legal battle between regulatory authorities and the cryptocurrency industry, with XRP's price rising to $2.5.
The possibility of XRP ETF approval by the end of 2025 is also adding momentum to its upward trend. If an ETF is launched, the reduction in XRP circulation could create price pressure. Currently, 18 XRP ETFs are in preparation, and the potential participation of major institutions like BlackRock is further raising market expectations.
Jeffrey Kendrick from Standard Chartered forecasts that XRP could overtake Ethereum by 2028, based on its global payment system utilization. Currently, XRP's market capitalization is $12.214 billion, chasing Ethereum's $19.894 billion.
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