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Crypto fans have witnessed quite a show this year as XRP stands out with solid 65% gain since January. While short-term wins are impressive, digging into XRPs longer story reveals its not as dazzling as Bitcoin (BTC) and Ethereum (ETH).

Dig into the details further. Read on!

In the midst of celebrating market gains, XRP hit a brief speed bump, sparking interesting talks within the crypto community.

A key part of XRPs recent rise goes back to a July legal win, where the U.S. Supreme Court backed Ripple in a tussle with the Securities and Exchange Commission (SEC). This legal victory gave XRP a boost, but some gains faded, leaving investors pondering its future, especially with Ripples legal battles lingering.

After the court win, XRP briefly shot up to $0.93, then dropped to $0.44. Yet, showing resilience, XRP is on the rebound, sitting above $0.61.

Read More: Will XRP Hit $5.00 In 2024?

In recent short-term moves, XRP rose by 1.73% in the last 24 hours, trading at $0.612. Notably, its 24-hour trading volume jumped by 42%, hitting $2,001,370,458, signaling strong market interest.

Zooming out, XRPs performance in the last three years reflects Ripples regulatory struggles since late 2020. While a legal win in July boosted its price, measuring up against crypto giants Bitcoin and Ethereum paints a different picture.

The Bigger Picture

Comparatively, XRP rose by 102% against the dollar in the last five years. However, against BTC, its down by 82%, and against ETH, it faces a decline of 91%.

Despite setbacks, optimistic XRP holders hope for positive turns, stressing the need for patience in the unpredictable crypto world. As XRPs journey unfolds, the crypto community eagerly awaits the next chapter in this engaging tale.

Also Read: Is XRPs Growth Fueled by Bitcoin? John Deatons Insights Spark Debate

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Is XRP Worth the Risk? Analyzing Its Recent Performance - Coinpedia Fintech News