XRP has had a strong price increase recently, soaring 60% in the past month and outperforming major names like Bitcoin, Ethereum, Solana, and Dogecoin. However, this price surge has also caused some confusion. Famous media figure Dave Portnoy sold his XRP, claiming that Circle, the company behind the USDC stablecoin, is directly competing with Ripple.
That assumption turned out to be a mistake and costly, as the price of XRP soared an additional 38% just two weeks after he sold. However, this occurred right after Ripple officially applied for a national banking license with the U.S. Office of the Comptroller of the Currency (OCC), indicating that Ripple is indeed serious about entering the traditional financial sector, just like Circle is trying to do.
