XRP has experienced a significant surge, outperforming the wider cryptocurrency market. The recent gains are believed to be linked to Ripple's acquisition of Money Transmitter Licenses in New York and Texas, enabling the company to offer its real-time global payment services to banks in the region. It is speculated that the improving regulatory environment for cryptocurrencies in the US under the Trump administration is also contributing to XRP's rally. Analysts suggest that XRP is currently in a short-term bullish trend, with the $3 price point acting as strong support. Furthermore, XRP whales have added 120 million coins, worth nearly $380 million, to their holdings.



Other News from Today