The excitement surrounding Ripple and XRP ($3.13) has been growing since Donald Trump became President-elect in November, signaling a potentially favorable administration for crypto assets.
That excitement crescendoed last week as XRP came within pennies of breaking its all-time high price record from 2018, pushing Ripple’s stash of the asset to a staggering sum amid other notable happenings around the crypto company.
Here’s what you need to know from a wild week for Ripple and XRP.
XRP nears all-time high
XRP traded around $0.50 in the days leading up to the U.S. elections in November. Since that time the token has grown by more than 500% to a current price of $3.15, all while becoming the third-largest cryptocurrency by market cap, overtaking stablecoin Tether in the process.
Thanks to the surge, the token nearly set a new all-time high, peaking at $3.38 on January 16, just $0.02 shy of its all-time high of $3.40 set in 2018 per data from CoinGecko.
Up more than 25% on the week as of this writing, XRP has greatly outperformed its major crypto peers like Bitcoin and Ethereum—though
