XRP market has significantly outperformed the top digital assets, jumping around 24 percent last month. Other digital assets in the same class as XRP, such as Cardano (ADA) and Solana (SOL), have doubled over the past month.
Flexible Performance of XRP
The XRP market has strongly held its position over the past two years, despite mounting negativeness from the SEC vs Ripple lawsuit. Now other high-end products such as BNB, Ethereum (ETH) and Polygon (MATICC) AltcoinsNow that ‘s are under the SEC’s radar, the Ripple community has more support to fight the agency.
XRP Price Analysis by Captain Faibik
A popular Twitter user named Captain Faibik (@CryptoFaibik) crypto- According to his analyst, Ripple investors are patiently waiting for the macro breakout to happen in the near term. should wait. Furthermore, the analyst noted that XRP price on the macro time frame retested the logarithmic downtrend resistance but as a support level. Captain Faibik noted that a break towards $1.4 is imminent based on the symmetrical triangle price action.
Strategic Collaborations
XRP is best described as a utility-based digital asset that aims to solve the puzzle of cross-border payments. To ensure the success of its XRP mission, Ripple has formed strategic partnerships with financial institutions around the world and acquired several Web3 startups. However, Ripple is accused of flooding the market with more XRP coins each month rather than allowing the community to mine through staking programs.
You can reach the current market movements here.