Ripple’s XRP price has staged an impressive comeback, surpassing Bitcoin’s short-term performance despite facing strong criticism from Bitcoin maximalists. Pro-XRP lawyer Bill Morgan highlighted this resilience, stating on X, “Despite the massive social media attack of mindless Bitcoin maxis for several days on Ripple and XRP, the crypto they call a ‘shitcoin’ continues to outperform Bitcoin in the short term.”
XRP Price Leads Market Recovery
Following the recent DeepSeek sell-off, XRP has shown exceptional strength, outperforming the broader crypto market. While most digital assets have attempted modest recoveries, XRP has posted significant gains, prompting speculation about the driving forces behind this momentum.
Data from the past 24 hours indicates that XRP has recorded substantial growth across key trading pairs. The XRP/USD pair surged 5.61%, leading the asset’s gains against fiat currencies. XRP also strengthened against Ethereum (XRP/ETH), climbing 4.31%, while its Bitcoin pair (XRP/BTC) rose 3.83%. Over the past seven days, XRP has gained 3.64% against ETH and 2.14% against BTC, even as its USD valuation remains down 2.36% for the week.
Despite the massive social media attack of mindless Bitcoin maxis for several days on Ripple and XRP, the crypto they call a “shitcoin” continues to outperform bitcoin in the short term. pic.twitter.com/ffDtswnM67
— bill morgan (@Belisarius2020) January 28, 2025
One of the key factors behind XRP price’s strong performance is Ripple’s recent regulatory achievements. The company secured Money Transmitter Licenses (MTLs) in New York and Texas, two jurisdictions known for stringent financial regulations. These licenses expand Ripple’s ability to provide real-time payment solutions to banks and financial institutions, using XRP Ledger technology and XRP for liquidity.
With the addition of these approvals, Ripple and its subsidiaries now hold a total of 55 MTLs, reinforcing its push for broader adoption in the U.S. as the regulatory landscape shifts under the Trump administration.
Analysts See Bullish Momentum
Crypto analysts are taking note of XRP’s rally. Prominent market watcher Egrag Crypto has suggested that XRP price is now in a short-term bullish trend after closing above the 21-period exponential moving average. They also pointed out that the $3 price level is developing into strong support, with buyers stepping in aggressively during dips.
Meanwhile, fellow analyst Ali Martinez revealed that XRP whales—wallets holding between 100 million and 1 billion tokens—have recently accumulated an additional 120 million XRP, worth approximately $380 million.
Also Read: XRP is ‘Top’ Asset For U.S. Strategic Crypto Reserve
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