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Crypto ranking platform CoinGecko released, alongside a tweet, an image showing the top 10 crypto performances year to date.
XRP advanced 64% year to date after beginning the year 2023 with a Jan. 1 price of $0.34. At the time of writing, XRP was down 0.04% in the last 24 hours to $0.55.
XRP's rise in 2023 has been aided by optimism in the year thus far, spurred by wins in the Ripple-SEC lawsuit and advancements for XRP as well.
Tomiwabold OlajideIn a landmark ruling in July, Judge Torres determined that XRP sold on exchanges is not deemed a security, which propelled the XRP price higher by as much as 100%.
In the latest win in the lawsuit, Judge Torres signed an order officially dismissing the case against Ripple executives Brad Garlinghouse and Chris Larsen.
Ripple has announced a new collaboration with Uphold, a big XRP backer. Uphold will supply Ripple with increased crypto liquidity capabilities to support and enhance its cross-border payment infrastructure as part of the partnership.
What might push XRP further?
On Oct. 19, XRP broke beyond the moving averages, and the bulls have kept the price above this level ever since.
The most recent increase on Oct. 24 drove XRP to highs of $0.584, a little less than the $0.643 level.
The significance of the $0.643 level stems from the fact that it holds significantly more gains for XRP if it is breached. If this level is breached, XRP may aim for $0.73, or possibly $0.85.
However, if the price falls from its present level of $0.55, it may signal that XRP will remain inside the range for some time.
Alex Dovbnya
U.Today Editorial Team
Vladislav Sopov
Dan Burgin