#DinnerWithTrump 50% Surge of XRP Outperformed the Crypto Market in January: Will a Price of 4 Dollars Be the Next Stop?
XRP decoupled from the cryptocurrency market after positive regulatory advances for Ripple Labs reinforced investors' bullish conviction in the altcoin.
The XRP token recorded an impressive surge of 50% throughout January, outperforming the cryptocurrency market as a whole. Technical patterns in the charts now point to a long-term breakout above 4 dollars in the future.
What Makes XRP Gain Another 50%?
XRP €2.97 rose more than 50% over the last month, surpassing Bitcoin's 13% surge
BTC €100.825 and Ether's nearly 4% drop
ETH €3181, according to data from Cointelegraph Markets Pro.
The XRP token decoupled from the rest of the market due to positive regulatory developments for Ripple Labs, which received approval for its stablecoin RLUSD from the New York Department of Financial Services (NYDFS) on December 10.