By Mat Di Salvo
2 min read
Over the past seven days, XRP is also the biggest gainer, just outpacing Dogecoin with a nearly 27% gain during that span.
The coin is one of the oldest in the space, and despite still being 18% off its $3.40 all-time high mark from 2018, XRP has made headlines again following the election win of President Donald Trump. It even had a close call with matching its record mark back in January, but fell just short of beating its seven-year-old peak.
Fintech Ripple, whose founders created XRP, donated to a pro-crypto super PAC during the election cycle and are working to help shape crypto policy in Washington. President Trump campaigned heavily on a ticket to help the digital asset space, and has made numerous moves to support the industry since retaking office.
Bitcoin's price hit new all-time high marks on Wednesday and Thursday before surging again to a new record Friday. The leading cryptocurrency was recently priced at $117,321, after hitting a new record price of $118,667.
A rise in the flagship coin's price has brought the rest of the crypto market with it, although while Bitcoin sits near its own recently set peak, many other coins and tokens are still far off from setting their own respective records.
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