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

On January 1, Ripple's token XRP debuted (XRP) traded as high as $2.32, up more than 10% in the past 24 hours.

These gains placed XRP as the top intraday gainer above the other top 10 coins.

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

XRP's uptrend has pushed the altcoin's weekly performance into the green zone after the recent bearish move. At the same time, the market capitalization jumped to more than US$132 billion and daily trading volume increased by more than 36% to reach US$6.3 billion.

Over the past 24 hours, the price of XRP has ranged between $2.08 and $2.32. While the coin made notable gains during the day, it has remained down more than 14% over the past 30 days. However, with crypto sentiment largely bullish for 2025, bulls may fancy their chances of a new all-time high which is currently around 38% of the $3.40 high in 2018.

The value of XRP has risen by double digits despite the Ripple wallet receiving 300 million XRP worth over $649 million. Whale alert Highlight Transaction on January 1 via X.

This transfer is part of the monthly opening of XRP escrow, and comes in the month in which US President-elect Donald Trump will be inaugurated into office. His election victory and pro-crypto stance is one of the catalysts that helped the price of XRP rise.