- Ripple’s XRP has cemented itself as the best-performing asset of the week, reaching new highs and gaining 60% in value over the past seven days.
- XRP hit a new peak of $1.14 on November 20th and surged past the $1.20 mark for the first time since April 2021.
- Crypto whales have moved over $234 million in XRP, indicating strong investor confidence and anticipation of continued momentum.
Ripple’s XRP continues to gain new highs as the currency cements itself as the best-performing asset of the week — among the top 10 cryptocurrencies.
XRP started November 20th trading around the $1.08 mark, and throughout the reached a high of $1.14. During this timeframe, the currency gained 2.29% in value – adding up to an already profitable week.
On November 16th the crypto reached above the $1,20 — a price zone not seen by Ripple holders since April of 2021. Currently, holders are hoping XRP regains that margin, enjoying one of the strongest bullish momentum the crypto market has seen in years.
XRP Tops Other Cryptos as Most Profitable Currency in The Week
Ripple has recently passed Dogecoin as the 6th most valuable cryptocurrency project in the world. Over the past seven days – XRP gained over 60% in value, making it the fastest-rising digital asset among cryptocurrencies in the top 10 by market capitalization.
Cardano (ADA) is the only project to come close to Ripple’s weekly performance with a 42% increase in that same timeframe. Meanwhile, projects like Ethereum (ETH) lost about 3% during that timeframe, while Shiba Inu’s poor performance as of late made the memecoin leave the top-10 — replaced by Tron (TRX).
Whales Betting on XRP?
A recent report by blockchain tracker “Whale Alert” revealed that crypto whales could be betting on XRP to continue its momentum.
According to the tracking platform, two big-time investors moved 210,930,712 XRP — or over $234 million — in two separate transactions. This transfer was made from the cryptocurrency exchange Binance to unknown wallets.
Albeit no one knows what these traders will do with these funds, when investors move their assets away from exchanges — it usually means that they plan on holding on to these funds for at least a while longer.
In truth — Ripple has been one of the cryptocurrency projects that benefitted the most from early November’s U.S. Presidential Election. With the early signs of a new Government that will look to simplify regulations and overall be more “crypt-friendly”, XRP could certainly be one of the top cryptocurrencies to look out for in 2025.
