- XRP has experienced a growth of 315% in the past year.
- Ripple’s XRPL has performed Bitcoin better and recorded positively for the past 60 days.
In the past five months, Ripple [XRP] has experienced a strong upward movement.
Since the U. election in November 2024, XRP has risen to surpass most altcoins. XRP has positioned this version in a favorable position to challenge the largest rival, Bitcoin, [BTC].
Source: Alfractaal
In the last 60 days, the market has in fact only seen 3 out of 57 altcoins better than Bitcoin, with XRP one of them. As such, XRP has achieved the most profits at Altcoins against Bitcoin.
Although others have taken out negative value performance against BTC, XRP has surpassed the Bitcoin by far as the only one that has recorded positive returns for the past 60 days. In the midst of this, BTC saw a negative return of -8.39%.
In the context, most Altcoins performed behind, with a lot of decrease of 30-60% against BTC. For example, at the time of the press, large altcoins such as ETH fell by 38%, Solana [SOL] with 31%and and Dogecoin [DOGE] was 48% lower against BTC.
With established coins that record such bad performance, it shows the strength and influence that XRP now has in the cryptomarkt.
XRP’s position in the market
The recent XRP performance is not an isolated matter, because the Altcoin has experienced strong growth in the last six months.
Source: Cryptuquant
To begin with, the total addresses of Xrpl have grown constantly in the past year. During this period, the total addresses on the press rose from 5.5 million to 6.7 million. This meant an increase of 1.2 million address in one year.
On the other hand, Bitcoin has only seen a 100k addresses in the same period. This difference shows that XRP experiences aggressive acceptance, with a higher acceptance rate than BTC.
Source: Checkonchain
Moreover, the circulating market cap -Domanes of XRPL has gone through strong growth, risen from 1.09% to 5% in the past year.
This period saw the Altcoin’s Market meeting of a low $ 23 billion to a peak of $ 188 billion, which reversed coins such as Sol and USDT. Such a strong rally was accompanied by a sharp increase in price, with prices that rise by 315%.
Source: Messari
Although BTC has also grown on the basis of these statistics in the past year, prices have only risen by 35% in the past year, while market capitalization has grown by 54.5%.
Such a strong growth in market dominance for XRP shows that many investors have turned to it, especially because of the lower prices compared to BTC. As such, the Altcoin has experienced a huge capital influx of both retail holders and large entities.
Can XRP increase to challenge BTC?
Although the overthrow of Bitcoin is far -fetched, XRP is on the right way for persistent market dominance.
With legal obstacles that are slowly disappearing, the growth of XRP could turn around in the short term Ethereum [ETH]The biggest competitor will be from BTC. As such, the current conditions are favorable for the continuous growth of XRP.
In the short term, it is unlikely that it will achieve this goal, especially the uncertain macro -economic data that influences the cryptomarket.
The short -term objective for the Altcoin is therefore to reclaim its $ 3.8 ATH and hit $ 4, and then to turn $ 200 billion to market capitalization. Until these goals are achieved, BTC remains a distant competitor.