The price of XRP has broken upwards. The coin is now worth $0.27 after a sudden surge in volume pushed it up from the $0.25 mark. After the initial pump, the price retraced a little towards $0.265, before rising back up.

XRP is outperforming other coins in the top ten cryptocurrencies by market cap. The rest are showing losses between 1-6%, with Tezos (XTZ) suffering the most. The price of Bitcoin (BTC) is down by 1.5% while Ethereum has fallen 0.76% in the last day.

The price of XRP has been gradually increasing over the last 30 days. After starting the month below $0.20, it has slowly built back up, seeing several large increases in trading volume.

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This comes alongside news that altcoins are starting to built up ground against Bitcoin. As Decrypt reported earlier today, mid-cap altcoins—defined as any cryptocurrency with a market capitalization between $1 billion and $10 billion—gained an average of 68% in January, while Bitcoin only grew by 30%. There are a few factors pushing them up, including a rise in interest for proof-of-stake coins and cryptocurrencies used for lending.

Despite the recent surge, XRP is still down in the long term. It is still much lower than last year's peak of $0.48 and is still down 92% from its all-time high of $3.59. Can this revival start to turn things around?

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