Remarkable Statements for Ripple: It May Leave Bitcoin Behind.

A popular cryptocurrency analyst recently announced that he believes the price of XRP will soon significantly outperform Bitcoin based on a key technical indicator. Popular cryptocurrency analyst Cryptoinsightuk revealed in a post shared on social media platform

According to the popular analyst, the XRP/BTC pair monthly Relative Strength Index (RSI) is currently at its lowest level ever and has fallen so significantly in the last two events that XRP is up 5,251% and 498% against the flagship cryptocurrency. A Prize Pool Worth 21 Million TL is Awaiting You from BinanceTR! Participating and winning has never been easier. Sign up to #BinanceTR from this link and get your first crypto!

However, the analyst noted that he can see many potential positive catalysts coming for #XRP and that sentiments can change extremely quickly when the narrative of something changes. It is worth noting that the price of #XRP has significantly underperformed the flagship cryptocurrency, falling approximately 15% since the beginning of the year and rising only 0.8% in the last 12 months.

Meanwhile, Bitcoin's price is up 61.5% so far this year and over 150% in the last 12 months; This was facilitated in part by the launch of spot Bitcoin exchange-traded funds in the US. providing institutional investors with exposure to cryptocurrency.

BlackRock's iShares #Bitcoin Trust (IBIT), in particular, has seen its Bitcoin holdings surpass Grayscale Bitcoin Trust (GBTC), making it the world's largest exchange-traded fund offering investors the opportunity to invest in Bitcoin. Analysts attribute this change to Grayscale's high fees; This led investors to BlackRock's lower-cost alternative after GBTC was converted into a spot Bitcoin ETF fund and at the same time many of these ETF funds began trading in the United States.
$BTC $XRP