- Ripple receives money transfer licenses in New York and Texas.
- Its native asset XRP outperformed BTC, ETH, and SOL since the last market dip.
- Analysts expect XRP prices to hit new ATHs very soon.
The crypto market experienced a short dip in the market yesterday due to the impact of DeepSeek’s launch on the stock market. While the stock market fell by a heavy amount, the crypto market saw a very fractional dip where BTC price dipped to $98,000 before recovering back to 6-digit prices.
XRP Outperforms BTC, ETH, and SOL
Similarly, many prominent altcoins too took a short dip mirroring Bitcoin’s price action. To highlight, some of these assets included ETH, SOL, and Ripple’s XRP. Specifically, XRP has been one of the best-performing assets in this bull cycle. It seems with its battle with the SEC coming to a positive conclusion, XRP price has only been on the up and up.
As we can see from the post above, XRP’s bullish momentum has not gone unnoticed. The analyst in the post mentions how XRP has outperformed BTC, ETH, and SOL, leaving them in the dust with a massive 8% price explosion following the latest dip. While BTC only pumped around 4%, XRP has almost reached its previous ATH target set 7 years ago.
XRP Nears Previous ATH Price
The analyst marks the reason behind XRP’s price boost to Ripple having receives money transfer licenses in New York and Texas. He concludes by saying XRP will likely see another bullish price pump very soon. At the moment XRP price is at $3.10 according to CoinMarketCap analytics, and analysts expect to see new ATHs very soon.
