Ripple (XRP) Up 70% On the Year as $1 Draws Closer

As a plethora of assets is amid a surge, Ripple (XRP) has seen its value up 70% on the year with $1 drawing ever closer. Indeed, Bitcoin has led an overall surge in digital asset coins across the market, reaching $62,000 for the first time since November 2021.

Meanwhile, Ripple has not necessarily enjoyed the most electric start to the month. Still, after reaching a high of $0.63, the asset is up 30% for February. Its consistent increases over last year, and its trajectory, could have a dollar value in its sights heading into March.

Also Read: Forbes Predicts Ripple (XRP) Price If Bitcoin Reaches $150,000

Ripple XRP Could Be Set to Pass $1 in March Alongside Key Trend

Few digital assets have as much potential for digital asset investors as Ripple does. The cryptocurrency is noted for its global presence and overall value in the cross-border payment space. Subsequently, it has still been a viable investment amid legal issues with the US Securities and Exchange Commission (SEC).

Despite the ongoing years-long legal proceedings with the SEC, Ripple (XRP) has seen its value increase a remarkable 70% over the last year as $1 nears ever closer. Specifically, the entire digital asset market has seen a massive surge led by Bitcoin over the last week. Although XRP has not directly benefitted from that, it could be poised to in the coming month.

Also Read: Ripple XRP To Rally 54% To $0.91: Predicts Analyst

Currently, XRP is trading at just below $0.60, and down 2.4% according to CoinMarketCap. However, it is still ongoing 30% gains in February alongside the overall industry. Moreover, an ongoing trend among altcoins could signify that the asset is set to continue its ascension.

With the ongoing market surge, each one of the top 10 altcoins by ranking has hit a new yearly high over the past month. Specifically, these include Ethereum (EHT), BNB, Soalna (SOL), and Cardano (ADA). However, the only one of those that has not is XRP; or at least has not yet.

There is still a chance that XRP will follow the market trend and reach a yearly high in March. To fulfill that figure, it would have to reach $0.65, which is the mark it has not seen since January. Subsequently, that could open the door to continued gains for XRP With selling pressure cooling off in recent days.