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XRP Outperforms Bitcoin by 277% in a Year, Analyst Predicts Surge
The cryptocurrency market has been witnessing unprecedented growth, with some tokens surging exponentially. In a recent development, it appears that XRP has outperformed Bitcoin by a whopping 277% over the past year. This impressive performance is expected to continue as institutional interest increases.
According to recent data, XRP’s price has surpassed its previous peak in 2018. The token has experienced an incredible 277% rise since July 2024, significantly surpassing Bitcoin’s 88% increase over the same period. This surge can be attributed to various factors, including lack of benefits from a U.S.-approved ETF, treasury adoption, or native DeFi yield.
The data highlights that the XRP/BTC ratio has dramatically improved, moving from approximately 0.00000902 to 0.0000303. Despite the absence of key factors that benefited Bitcoin, XRP managed to achieve this impressive rise.
Industry experts predict further gains for XRP as institutional demand grows. This growth is supported by record-breaking daily volumes for XRP futures at CME, exceeding $235 million in a single day. As more companies adopt XRP, Ripple’s recent partnership with Ctrl Alt to introduce institutional-grade custody technology to Dubai’s real estate market demonstrates the growing utility of the token.
Additionally, the XRP Ledger sees increased activity, with over 1,300 smart contracts launched since June. Although native staking is not yet available, platforms like Uphold are exploring options for users to wrap the token and earn yield, drawing it closer to the broader DeFi ecosystem. This development will likely attract more investors and solidify its long-term growth potential.
With institutional interest escalating, predictions of further growth for XRP have become more plausible.
Source: coincentral.com
