XRP Outperforms Bitcoin Amid ‘Shitcoin’ Claims

 
Kritika Mehta
Written By 
Kritika Mehta
 
Harsh Chauhan
Edited by 
Harsh Chauhan
January 28, 2025

Ripple’s XRP price made a remarkable return, outdoing Bitcoin’s near-term performance under fire from extreme criticism by Bitcoin maximalists. XRP legal counsel Bill Morgan called attention to the resilience by pointing out in X, “In spite of the enormous social media onslaught of clueless Bitcoin maxis over the course of a few days on Ripple and XRP, the crypto which they refer to as a ‘shitcoin’ is still doing better than Bitcoin short term.”

XRP Price Leads Market Recovery

After the recent DeepSeek sell-off, XRP has been displaying outstanding resilience, outperforming the general crypto market. While most cryptocurrencies have tried to make minor recoveries, XRP has ed major gains, with many speculating about the driving factors behind the same.

Last 24 hour statistics show XRP has shown tremendous growth on top trading pairs. The pair XRP/USD increased 5.61%, the strongest of the currency’s increases among fiat currencies. XRP’s increase against Ethereum (XRP/ETH) was 4.31% and against its Bitcoin pair was 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.

One of the key factors behind XRP price’s strong performance is Ripple’s recent regulatory achievements. The firm obtained Money Transmitter Licenses (MTLs) in Texas and New York, two states with strict financial regulations. These approvals expand Ripple’s ability to provide real-time payment solutions to banks and financial institutions using XRP Ledger technology and XRP for liquidity.

Adding these approvals, Ripple and its subsidiary now possess 55 MTLs, which complements its drive towards broader adoption in the United States as the regulatory landscape continues to evolve under the Trump istration.

Analysts See Bullish Momentum

Crypto analysts are noticing XRP’s rally. Renowned market observer Egrag Crypto has indicated that XRP price is currently in a short-term bullish trend after it closed above the 21-period exponential moving average. They further noted that the $3 price level is turning into solid , with aggressive buying during dips.

At the same time, other analyst Ali Martinez uncovered that XRP whales—addresses which contain between 100 million and 1 billion tokens—have added another 120 million XRP worth around $380 million in recent times.

Also Read: XRP is ‘Top’ Asset For U.S. Strategic Crypto Reserve

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Kritika Mehta
Written by Kritika Mehta

Kritika boasts over two years of experience in financial news and is currently a crypto journalist at CryptoNewsZ. She excels in covering blockchain technology and cryptocurrencies, offering insightful analysis and a strong grasp of market trends. With a focus on reporting the latest news, she delivers a nuanced perspective, exploring the intersection of finance, technology, and emerging crypto trends. Her ability to break down complex topics makes her work accessible to both seasoned investors and newcomers. ionate about the transformative power of blockchain, she continually researches industry developments to provide readers with accurate, engaging, and well-researched content. She also closely monitors regulatory changes, helping readers understand their impact on the crypto market.