• Latest
  • Trending
XRP Stellar 1-Year Performance Leaves Banks In The Dust

XRP Stellar 1-Year Performance Leaves Banks In The Dust

April 1, 2024
Serbia’s Prince Filip says Bitcoin is being stifled, expects huge rally

Serbia’s Prince Filip says Bitcoin is being stifled, expects huge rally

April 24, 2025
Crypto Exchange Binance to Offer Crypto Asset Managers ‘Fund Accounts’ That Mirror TradFi Trading

Crypto Exchange Binance to Offer Crypto Asset Managers ‘Fund Accounts’ That Mirror TradFi Trading

April 24, 2025
Why Did The Dogecoin And Shiba Inu Prices Surge Over 10%?

Why Did The Dogecoin And Shiba Inu Prices Surge Over 10%?

April 24, 2025
As Official Trump meme coin soars, Bitcoin Pepe could be a better alternative

As Official Trump meme coin soars, Bitcoin Pepe could be a better alternative

April 24, 2025
Upbit and Bithumb suspend Synthetix token deposits, citing sUSD risks

Upbit and Bithumb suspend Synthetix token deposits, citing sUSD risks

April 24, 2025
PayPal to Offer 3.7% Yield on PYUSD Stablecoin Starting This Summer

PayPal to Offer 3.7% Yield on PYUSD Stablecoin Starting This Summer

April 24, 2025
Cybercrime Damages Highlight Need for Scalable Decentralized Infrastructure

DEX KiloEx Reveals Resolution Plan for Users Affected by $7M Attack

April 24, 2025
Bitcoin Buyers Take Control on Binance, But Funding Rates Flash a Warning

Bitcoin Buyers Take Control on Binance, But Funding Rates Flash a Warning

April 24, 2025
The Rogue AG and the Reckless Case Against Coinbase | by Chip Mahoney | The Capital | Apr, 2025

The Rogue AG and the Reckless Case Against Coinbase | by Chip Mahoney | The Capital | Apr, 2025

April 24, 2025
  • Privacy Policy
Thursday, April 24, 2025
MtRushmoreCrypto - Where Crypto Rocks
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Logo
No Result
View All Result
Home Crypto

XRP Stellar 1-Year Performance Leaves Banks In The Dust

J_News by J_News
April 1, 2024
in Crypto, Top News
0
XRP Stellar 1-Year Performance Leaves Banks In The Dust
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


XRP holders are facing mixed signals. While the digital asset boasts nearly 20% in gains over the past year, significantly outperforming traditional savings accounts, its recent performance pales in comparison to other cryptocurrencies.

After a substantial decline, the altcoin’s price has now entered a phase of sideways consolidation, making market players unsure of its future course. It appears like the cryptocurrency will likely stay stuck in a narrow range until there is a breakout in either way.

XRP: Beating Savings Accounts

Despite the seemingly negative vibe, a recent report highlighted the coin’s resilience. Specifically, it underscored its advantage over stagnant savings accounts.

XRP hit a low of $0.42 in March 2023 and surged to $0.93 in July, fueled by optimism surrounding the Ripple vs. SEC lawsuit. The coin then saw a rise of 1.30% on Sunday. After losing 1.35% on Saturday, the altcoin gained 0.41% at the end of the week to close at $0.6299. Today, it sits at $0.61, reflecting a 20% year-over-year increase.

This dwarfs the returns offered by most savings accounts. A Business Insider report pegs the average Annual Percentage Yield (APY) for US savings accounts between 0.01% and 0.25%. Even high-yield online banks rarely surpass 5.30% APY.

XRP is up over 6% within a single year, it has outperformed every savings account of every bank in the world and yet you people are still crying about it. pic.twitter.com/GGxVPJfudU

— Mr. Huber🔥🦅🔥 (@Leerzeit) March 29, 2024

“Mr. Huber,” a prominent crypto community investigator, emphasizes this point. To paraphrase his views, he said while XRP might not be setting the crypto world on fire right now, it’s definitely a better option than letting your money languish in a savings account.

However, discontent simmers within the community. Over the past three months, XRP has seen a meager 1% growth, while rivals like Bitcoin and Ethereum have skyrocketed by over 50%. This lackluster performance compared to its peers is causing frustration among holders.

XRP market cap currently at $33.6 billion. Chart: TradingView.com

The future trajectory of XRP hinges on multiple factors. The ongoing Ripple vs. SEC lawsuit, which centers around whether XRP is a security, is a significant cloud hanging over the coin’s price. A favorable outcome could reignite investor confidence and propel XRP upwards.

Diverse Perspectives And Pressure In The Crypto Market

Another factor is the broader cryptocurrency market. If the current bull run continues and other top coins maintain their momentum, XRP might face additional pressure to catch up.

Analysts remain divided on XRP’s short-term prospects. Some believe the current stagnation is a buying opportunity before a potential price surge. Others urge caution, citing the ongoing lawsuit and the unpredictable nature of the cryptocurrency market.

The diverse perspectives surrounding XRP showcase the exciting array of options available to investors. With XRP presenting a compelling alternative to conventional savings methods, its unique features shine through.

Despite recent fluctuations in its performance compared to other digital assets, this opens up opportunities for thoughtful consideration and strategic investment. Ultimately, the choice to embrace XRP hinges on aligning with one’s personal risk appetite and long-term investment objectives, empowering individuals to make informed decisions tailored to their financial aspirations.

Featured image from Karolina Grabowska/Pexels, chart from TradingView

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.





Source link

Related articles

Serbia’s Prince Filip says Bitcoin is being stifled, expects huge rally

Serbia’s Prince Filip says Bitcoin is being stifled, expects huge rally

April 24, 2025
Crypto Exchange Binance to Offer Crypto Asset Managers ‘Fund Accounts’ That Mirror TradFi Trading

Crypto Exchange Binance to Offer Crypto Asset Managers ‘Fund Accounts’ That Mirror TradFi Trading

April 24, 2025
ShareTweetShareShare

Related Posts

Serbia’s Prince Filip says Bitcoin is being stifled, expects huge rally

Serbia’s Prince Filip says Bitcoin is being stifled, expects huge rally

by J_News
April 24, 2025
0

Bitcoin’s price trajectory may be suppressed ahead of its upcoming “omega candle” rally, according to Prince Filip Karađorđević, the hereditary...

Crypto Exchange Binance to Offer Crypto Asset Managers ‘Fund Accounts’ That Mirror TradFi Trading

Crypto Exchange Binance to Offer Crypto Asset Managers ‘Fund Accounts’ That Mirror TradFi Trading

by J_News
April 24, 2025
0

Binance, the world’s largest cryptocurrency exchange, is offering digital asset managers special accounts that allow pooling of their investors’ assets...

Why Did The Dogecoin And Shiba Inu Prices Surge Over 10%?

Why Did The Dogecoin And Shiba Inu Prices Surge Over 10%?

by J_News
April 24, 2025
0

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed...

As Official Trump meme coin soars, Bitcoin Pepe could be a better alternative

As Official Trump meme coin soars, Bitcoin Pepe could be a better alternative

by J_News
April 24, 2025
0

The Official Trump coin is soaring as the top 220 holders get a dinner invite with President Trump. TRUMP’s price...

Upbit and Bithumb suspend Synthetix token deposits, citing sUSD risks

Upbit and Bithumb suspend Synthetix token deposits, citing sUSD risks

by J_News
April 24, 2025
0

South Korean exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) tokens after it was flagged by the Digital...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

Top 10 NFTs to Watch in 2025 for High-Return Investments

Top 10 NFT Games with the Biggest Earning Potential in 2025

8 Top Crypto Fundraising Ideas Best for Startups

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog