The cryptocurrency market is soaring in 2024. Ethereum (CRYPTO: ETH) has gained nearly 30% year to date, easily outpacing a 10% increase in the S&P 500 stock market index. Bitcoin (CRYPTO: BTC) and Solana (CRYPTO: SOL) are up roughly 45% over the same period.

But Ripple (CRYPTO: XRP) didn't get that memo. The international payment system's XRP token is down by almost 20% instead:

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Source Fool.com