Despite the recent dip in price, XRP has performed better than expected and has outperformed other altcoins. This can be attributed to both fundamental and technical factors. On the fundamental side, there is speculation about the possibility of an XRP ETF being approved by the SEC, which could have a significant impact on the market. On the technical side, there has been an increase in the number of major XRP holders, indicating confidence in the asset. XRP's market cap has also seen gains, standing out as one of the few bright spots in the broader crypto market. The price of XRP against Bitcoin has also surged significantly. This performance is not random but rather a result of speculation, market positioning, and long-term investor confidence. XRP continues to attract attention for its potential and steady presence in an uncertain market.
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