The price of XRP rose sharply to outpace the top 10 cryptocurrencies by market cap as the altcoin looked to begin 2025 on a winning note.

On Jan. 1, Ripple token XRP (XRP) traded to highs of $2.32, rising more than 10% in the past 24 hours. 

These gains put XRP on top of the leading gainers on the day above other top 10 coins.

In the top 100 coins by market cap, only Stellar (XLM) that ranked 18th at the time of writing was posting higher gains. Per crypto.news price data, XLM was changing hands around $0.4, up by more than 29% in the past 24 hours.

XRP’s upside pushed weekly performance for the altcoin back into the green after recent downside action. Meanwhile, the market cap jumped to over $132 billion and daily trading volume increased by more than 36% to $6.3 billion.

Within the past 24 hours, XRP has ranged between $2.08 and $2.32. While the coin has notable gains on the day, it remains more than 14% down in the past 30 days. However, with crypto sentiment largely bullish for 2025, bulls may fancy their chances of getting a new all-time high that currently is about 38% off the $3.40 high hit in 2018.

XRP rose double digits despite Ripple’s wallet receiving 300 million XRP worth over $649 million. Whale Alert highlighted the transaction on Jan. 1 via X. 

The transfer is part of the monthly escrow unlock for XRP, with this coming in a month where U.S. President-elect Donald Trump will be inaugurated into office. His election  victory and pro-crypto stance is one of the catalysts that helped XRP price higher.