{"id":534177,"date":"2023-05-20T11:50:39","date_gmt":"2023-05-20T11:50:39","guid":{"rendered":"https:\/\/wncen.com\/?p=534177"},"modified":"2024-06-11T07:50:37","modified_gmt":"2024-06-11T07:50:37","slug":"xrp-emerges-as-top-performing-crypto-with-55-surge-messari-report","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-emerges-as-top-performing-crypto-with-55-surge-messari-report\/","title":{"rendered":"XRP Emerges As Top Performing Crypto With 55% Surge &#8211; Messari Report"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Amid the prevailing bearish trend in the crypto market, XRP has stayed afloat above other assets with impressive gains. <\/span><span style=\"font-weight: 400\">A report from a leading crypto market intelligence product provider, Messari, revealed the Ripple native currency XRP took the lead in the overall crypto market in Q1.<\/span><\/p>\n<h2>XRP Takes The Lead In Overall Crypto Market<\/h2>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/messari.io\/report\/state-of-xrp-ledger-q1-2023\" rel=\"nofollow\"><span style=\"font-weight: 400\">data from Messari<\/span><\/a><span style=\"font-weight: 400\">, XRP outperformed other crypto assets with a 55% surge on a quarter-on-quarter (QoQ) basis.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">From the report, the market cap of XRP grew by a whopping 59.9% in the first quarter of the year. The value increased from $17.4 billion on January 1 to $27.4 billion on March 31.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/ethereum\/crypto-assets-flow-from-ethereum-to-bsc-are-users-escaping-high-gas-fees\/?swcfpc=1\">Crypto Assets Flow From Ethereum To BSC, Are Users Escaping High Gas Fees?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Notably, the growth rate for XRP\u2019s market cap exceeded the cumulative crypto market cap that witnessed a 46% surge within the same period.\u00a0<\/span><\/p>\n<p>Messari&#8217;s <span style=\"font-weight: 400\">report also showed that XRP kicked off the year with a trading price of $0.35 as of January 1. With the increasing volatility in the crypto market during the beginning of 2023, XRP rallied progressively through the days. <\/span><span style=\"font-weight: 400\">As of January 23, XRP&#8217;s price hit $0.43 before retracting due to the influence of the bears. The token closed in January with a 19.71% increase in value.<\/span><\/p>\n<figure id=\"attachment_534180\" aria-describedby=\"caption-attachment-534180\" style=\"width: 860px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-534180 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/XRPUSDT_2023-05-20_15-55-24.png?resize=860%2C471\" alt=\"XRP Emerges Top Performing Crypto With A 55% Surge QoQ, Messari Report\" width=\"860\" height=\"471\"><figcaption id=\"caption-attachment-534180\" class=\"wp-caption-text\">XRP price lowers after rising l <a href=\"https:\/\/www.tradingview.com\/x\/kSD88KwO\/\" rel=\"nofollow\">XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">The second month wasn\u2019t quite eventful for XRP as the price gradually dipped to $0.36 amid the downtrend in the overall crypto market. However, XRP ended February with a 7.27% drop as the price hit $0.37.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Then XRP\u2019s price rally took a more aggressive look in March. The price of XRP ranged from the beginning of March. But it gained momentum from March 21 as XRP broke the resistance level at $0.400.<\/span><\/p>\n<p><span style=\"font-weight: 400\">XRP sustained its volatility and pushed higher with a more bullish stance through the remaining days in March. The token rallied beyond the $0.500 region and progressed higher.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Messari noted that XRP hit a 10-month high of $0.5850 on March 29, following a two-week price surge of 56%. This price rally was peculiar to XRP, although most crypto assets posted a decline during the period.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Finally, XRP closed with a price of $0.54 on March 31, a 43% price surge for the month. The feat pushed the token to an overall price gain of 55% in Q1 2023.<\/span><\/p>\n<h2>XRP Performance Analysis In Q1 2023<\/h2>\n<p><span style=\"font-weight: 400\">Besides the XRP\u2019s price performance, the Messari report also highlighted other performance indicators for the token.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The data shows an increase in XRP&#8217;s overall network activity metrics in Q1. The total active addresses and average daily transactions surged by 13.9% and 10.7%, respectively, on a QoQ basis.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-bearish-1825\/?swcfpc=1\">Ethereum Price Faces Confluence Of Bearish Factors and At Risk of Another Decline<\/a><\/div>\n<p><span style=\"font-weight: 400\">The total active addresses grew from the receiving addresses, which increased from 47,000 to 55,000 through a 17.1% surge. But XRP sending addresses dropped by 7.2%.<\/span><\/p>\n<p><em>-Featured image from Pixabay and chart from Tradingview.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid the prevailing bearish trend in the crypto market, XRP has stayed afloat above other assets with impressive gains. A report from a leading crypto market intelligence product provider, Messari, revealed the Ripple native currency XRP took the lead in the overall crypto market in Q1. XRP Takes The Lead In Overall Crypto Market According to data from Messari, XRP outperformed other crypto assets with a 55% surge on a quarter-on-quarter (QoQ) basis.\u00a0 From the report, the market cap of XRP grew by a whopping 59.9% in the first quarter of the year. The value increased from $17.4 billion on January 1 to $27.4 billion on March 31. Related Reading: Crypto Assets Flow From Ethereum To BSC, Are Users Escaping High Gas Fees? Notably, the growth rate for XRP\u2019s market cap exceeded the cumulative crypto market cap that witnessed a 46% surge within the same period.\u00a0 Messari&#8217;s report also showed that XRP kicked off the year with a trading price of $0.35 as of January 1. With the increasing volatility in the crypto market during the beginning of 2023, XRP rallied progressively through the days. As of January 23, XRP&#8217;s price hit $0.43 before retracting due to the influence of the bears. The token closed in January with a 19.71% increase in value. The second month wasn\u2019t quite eventful for XRP as the price gradually dipped to $0.36 amid the downtrend in the overall crypto market. However, XRP ended February with a 7.27% drop as the price hit $0.37. Then XRP\u2019s price rally took a more aggressive look in March. The price of XRP ranged from the beginning of March. But it gained momentum from March 21 as XRP broke the resistance level at $0.400. XRP sustained its volatility and pushed higher with a more bullish stance through the remaining days in March. The token rallied beyond the $0.500 region and progressed higher. Messari noted that XRP hit a 10-month high of $0.5850 on March 29, following a two-week price surge of 56%. This price rally was peculiar to XRP, although most crypto assets posted a decline during the period.\u00a0 Finally, XRP closed with a price of $0.54 on March 31, a 43% price surge for the month. The feat pushed the token to an overall price gain of 55% in Q1 2023. XRP Performance Analysis In Q1 2023 Besides the XRP\u2019s price performance, the Messari report also highlighted other performance indicators for the token. The data shows an increase in XRP&#8217;s overall network activity metrics in Q1. The total active addresses and average daily transactions surged by 13.9% and 10.7%, respectively, on a QoQ basis. Related Reading: Ethereum Price Faces Confluence Of Bearish Factors and At Risk of Another Decline The total active addresses grew from the receiving addresses, which increased from 47,000 to 55,000 through a 17.1% surge. But XRP sending addresses dropped by 7.2%. -Featured image from Pixabay and chart from Tradingview.com<\/p>\n","protected":false},"author":584,"featured_media":529687,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[6664,17261,3680,78763],"class_list":["post-534177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-crypto","tag-messari","tag-ripple","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Emerges As Top Performing Crypto With 55% Surge - Messari Report<\/title>\n<meta name=\"description\" content=\"Amid the prevailing bearish trend in the crypto market, XRP has stayed afloat above other assets with impressive gains. 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