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XRP Rallies Past Bitcoin as Bullish Momentum Defies Criticisms
XRP gained nearly 20 percent in six days, outperforming Bitcoin despite its return above the $100,000 level.
Controversy around XRP’s stockpile listing failed to derail bullish investor sentiment or price momentum.
Legal clarity and rising demand have contributed to XRP’s steady climb amid renewed optimism across the market.
XRP posted notable gains over the past week, outperforming Bitcoin despite the latter’s market-wide recovery. The altcoin rose by nearly 20 percent within six days, signaling increased confidence among investors. It moved from a support level of $2.0775 to a weekly high of $2.4832 before pulling back slightly.
This surge has caught the attention of crypto watchers who monitor XRP’s market activity. Despite Bitcoin returning above the $100,000 mark, XRP climbed 1.18 percent against it. This trend highlighted the payment-based token’s growing strength during the broader market rebound.
Bill Morgan Highlights XRP's Weekly Performance
Renowned crypto attorney Bill Morgan shared on X that XRP’s weekly gains outshone Bitcoin’s. He noted how XRP managed to stay ahead, even as Bitcoin saw adoption boosts following news related to Michael Saylor and Strategic Reserve announcements. Morgan emphasized that XRP held firm despite predictions from critics.
A notable critic claimed that XRP's rumored inclusion in the U.S. Crypto Stockpile list, allegedly influenced by a prominent lobbyist, would negatively affect the asset’s market performance. However, XRP’s price action contradicted this view as it continued to rise amid controversy. The critic had previously mocked XRP holders, but the market response did not reflect his predictions.
XRP Supporters Remain Optimistic
At the time of writing this piece, XRP was going for $2.3861, an almost slight dip from its last point of resistance at $2.5. The Advocates of XRP believe in a cheerful medium-term future of XRP. These optimists believe the SEC litigation’s outcome could boost investor sentiment, which may lead to further gains in XRP’s price during this market surge.
Observations reflect that XRP’s recent behavior shows that it can survive uncertainty without eroding its value. Since XRP has been able to hold on and even mature with its increasing market presence, it might be a future hint for XRP to be more widely used. XRP still is an impressive performance of the major cryptocurrencies as its demand keeps on increasing from traders and investors alike.
The post XRP Rallies Past Bitcoin as Bullish Momentum Defies Criticisms appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.