According to CryptoPotato, Ripple's XRP has experienced volatility in recent days, trading between $0.57 and $0.66. Although it is up around 20% on a monthly scale, the asset has not performed as well as other leading cryptocurrencies, including Bitcoin (BTC) and Ether (ETH). Coincodex, an aggregate platform that tracks the prices of numerous digital assets, revealed that 64% of the tokens from the top 100 list had outperformed XRP in terms of annual increases. Currently, the coin trades at approximately $0.62, down 84% from its all-time high reached in 2018.
In July last year, XRP soared as high as $0.85, likely triggered by Ripple's first major (yet partial) court victory against the United States Securities and Exchange Commission (SEC). The company secured two additional victories in the following months, followed by a brief resurgence of XRP's valuation, albeit not as substantial as the one observed in July. Despite this, analysts such as Dark Defender and EGRAG CRYPTO remain optimistic that XRP will catch up with its rivals in the coming months and witness a substantial bull run. Factors that could play a role in a possible price ascent this year include regulatory developments, important partnerships, further adoption, and more.
