XRP Outperforms Bitcoin as CNBC Names It Crypto's New Darling

XRP has experienced a significant price increase of 25% since the beginning of the year, surpassing the gains of both Bitcoin (6%) and Ether (10%). CNBC's Brian Sullivan declared XRP “the hottest crypto trade of the year,” citing strong ETF momentum, positive social sentiment, and favorable on-chain fundamentals. Inflows into XRP ETFs have reached nearly $100 million this year, totaling $1.15 billion with no outflow days. Bullish sentiment is also reflected in social media analysis and decreasing exchange reserves on Binance, alongside a 50% increase in network activity. Furthermore, Ripple Labs has announced partnerships with major Japanese financial institutions to expand XRP Ledger adoption in Japan and received conditional approval to charter a national trust bank in the US. Ripple's recent fundraise and $40 billion valuation are seen as positive developments.

(Source：Cointelegraph)