The native Ripple asset, XRP, is now outperforming its crypto brethren. Hopium over an SEC victory and stronger fundamentals appear to be bolstering its performance.
Crypto markets are making minor movements today, but Ripple’s XRP is making a splash. The cross-border payments asset has made more than 6% since Jan. 2. Furthermore, it is leading markets in the year’s first week.
There has been no specific news from the Ripple camp, however. The move appears to have been triggered by hopium and the promise of a better year in 2023 for the fintech firm.
BitBoy Crypto creator Ben Armstrong was confident of a victory against the Securities and Exchange Commission this year:
Source: https://beincrypto.com/xrp-leading-crypto-gains-ripple-momentum-mounts/