XRP outperforms DOGE after rallying above $1 amid speculation about Ripple’s new ATH.

The battle for the sixth largest cryptocurrency by market capitalization has taken another round as XRP has regained its position after a week off.

This comes amid Ripple's great rally over the past few days, including a surge over $1 and speculation about a new all-time high on X.

XRP over DOGE

The crypto market has had some rough times since the US elections last week. At one point, Dogecoin surged 150% in a week due to its ownership of Elon Musk and future involvement in the Trump administration. By then, DOGE's market cap had increased to nearly $60 billion and surpassed XRP and USDC to become the sixth largest digital asset.

Since then, the tide has changed and DOGE has fallen by 17% to $0.365, the market value has dropped to $52 billion. At the same time, XRP went on a roll and shot up 100% over the past week to over $1.1. This means that its own market value has exceeded 60 billion dollars, which has regained XRP's position as the sixth largest asset.

$XRP broke out of 3 year bearer on a single candle.

THE POWER OF CRYPTO pic.twitter.com/flEypWjvpG

— Ash Crypto (@Ashcryptoreal) November 16, 2024

Therefore, Ripple's native token will remain above $1 for the first time since the return of the bull market in 2021. The asset's gains come amid speculation that Gary Gensler will step down as SEC chairman, as well as Ripple's CEO holding meetings with Trump. The future of crypto policy in the States.

When new ATH?

Ripple has one of the most devoted and growing communities, and they were quick to celebrate the milestone of going above $1. What's more, predictions about the asset's potential during this bull market and whether it can regain its 2018 glory when it reached its $3.4 high are starting to pop up left and right.

Popular crypto analyst CryptoBull believes that the $1.28 level is the most important hurdle in the near term. If it drops, XRP's next target could be $1.96 and eventually a new all-time high of $4.

#XRP may be here for a while. When $1.28 is broken, the next levels are $1.96 and $3.84. pic.twitter.com/cmqa60CWG3

— CryptoBull (@CryptoBull2020) November 16, 2024