XRP Shows Notable Resilience Amid Recent Market Volatility, Market Commentators Believe This Resilience Points to What’s to Come

XRP has shown notable resilience amid recent market volatility, overcoming market pressure and maintaining its position. On Monday, XRP's price dipped to $2.65

XRP has shown remarkable resilience amid recent market volatility, largely shrugging off the downturn impacting other major cryptocurrencies.

As Bitcoin (BTC) retested the $97,000 price point on Monday, XRP’s price dipped to $2.65. However, XRP rebounded significantly on the same day to close at $3.055, as XRP’s rally from recapturing the $3 region on January 15 saw it mostly close above this level.

This resilience has come despite what community members have described as coordinated attacks on XRP by Bitcoin maximalists. Notably, the token has maintained its position in the $3 range, gathering momentum for the next surge.

Some market commentators believe this resilience points to what’s to come for XRP. X user Johnny, who has 800K followers, expressed this sentiment in a recent commentary. In his words: “XRP’s strength is telling for what’s to come.”

He went on to point out developments he believes are imminent that could bring crucial benefits to XRP.

Optimism about XRP Adoption by Elon Musk’s DOGE Initiative

Specifically, Johnny noted that it would be no surprise if the XRP Ledger became the blockchain used by Elon Musk’s Department of Government Efficiency (DOGE) under the Donald Trump administration.

Recall that Elon Musk is leading the DOGE initiative, which is exploring blockchain technology to modernize federal operations. This initiative forms part of the Trump administration’s push for digital innovation and transparency in government. It aims to use blockchain to track government spending, enhance security, and streamline payments.

While discussions with blockchain experts are ongoing, the likely network remains unclear. However, some market commentators believe the XRP Ledger could be the preferred platform.

Optimism About an XRP ETF Launching This Year

Another key point Johnny highlighted for XRP’s resilience is the anticipation of an XRP ETF in 2025.

This week, CoinShares entered the XRP ETF race by applying with the SEC to launch the product. With this move, prominent asset managers seeking an XRP ETF have risen to seven, including Bitwise, WisdomTree, and ProShares.

Amid this ETF application frenzy, optimism about an XRP ETF debuting this year continues to grow.

XRP in the US Strategic Reserve

Furthermore, there have been ongoing discussions about the potential inclusion of XRP in the proposed U.S. national digital asset reserve.

While Ripple executives are actively pursuing this move, they have faced strong resistance from Bitcoin maximalists who advocate for a BTC-only reserve.

XRP Outperforming Bitcoin, Ethereum

Considering these factors, commentators like Johnny are optimistic that as long as the XRP market remains bullish over the next six months, XRP could outperform Bitcoin and Ethereum by a much wider margin.

Already, XRP boasts a 48% year-to-date gain, while Bitcoin has seen a 12% increase. Meanwhile, Ethereum’s position is even worse, with a 3.34% dip.