Despite the bearish trend in the crypto market, XRP has managed to outperform other assets with a 55% surge on a quarter-on-quarter basis, according to a report by Messari. XRP's market cap grew by 59.9% in Q1, exceeding the cumulative crypto market cap that witnessed a 46% surge within the same period. XRP hit a 10-month high of $0.5850 on March 29, following a two-week price surge of 56%, and closed with a price of $0.54 on March 31, a 43% price surge for the month. The report also highlighted an increase in XRP's overall network activity metrics in Q1.