Ripple (XRP) Flips Solana and Cardano, Eyeing Top-5 Entry

Ripple (XRP) has been among the top daily gainers. That comes amid bullishness that had the global crypto market cap surging past $2 trillion once more.

XRP changes hands around $0.90 following a 20% upsurge within the past 24 hours, its market cap standing at $42.9 billion. The latest upward move had the remittance crypto flipping Solana and Cardano, preparing for a massive uptick to enter the sought-after top-5 crypto pack.

Santiment, a data provider, reports that Ripple’s latest price climb came as the project recorded growth in daily active wallets. It stated that XRP gained 37% over the past four days, reacting to the daily addresses surge since January. For now, the remittance coin trades at $0.8534 while putting similar active XRP addresses as those of early November near $1.18.

Ripple token is up by 5% in 2022, regardless of the legal battle with the US SEC and sell-offs that dominated the financial spectrum. Recently, Charles Gasparino of Fox Business tweeted that Ripple vs. SEC case might strengthen into summer. Gasparino added that the executive order by the Biden administration for the crypto might favor the SEC side by potentially classifying XRP as an unregistered security.

Nevertheless, the Ripple case has delayed ever since. Recently, both parties requested an extension of the expert discovery phase to 28 February. This delay gave time for additional depositions. Recently, Ripple’s Stuart Alderoty urged the Securities and Exchange Commission to move the case faster.

Remember, the Ripple lawsuit saw XRP plummeting by 70% in 2020 December. The massive fall came as the exchange rushed to suspend trading the token in the United States. Though Ripple recovered, it remains one of the few top tokens that could not hit new ATHs amid the latest bull cycle.

For now, the Ripple lawsuit outcome will determine XRP bias. Any positivity in favor of the crypto will lead to upswings. As the token touched $0.90, it might surge past $1 in the short term. 2022 might prove a defining year for Ripple enthusiasts.

Will XRP surge to its spot in the top-five list by market value? You can share your views below.

By Edward Richardson
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