#AI与GameFi市场表现
XRP Monthly Rise? Unveiling the Mysterious Pattern Before Ripple's Custody Release!
XRP often sees an increase before the monthly custody release by Ripple on the 1st of each month, just like in November this year, coupled with their announcement of a new stablecoin and the hype of the 'Cramer Effect', the bullish momentum is even more pronounced. Jim Cramer's sudden praise for XRP may have influenced inexperienced traders, further propelling the short-term rise.
However, XRP's long-term performance is quite different. Each bull market peak has been lower than the previous one, indicating a weakening upward momentum. For example, the historical high of 3.84 set by XRP in 2017 was not reached during the 2021 bull market, where its highest price was only 1.96.
In contrast, the blockchain project Stellar (XLM), often compared to XRP, has consistently outperformed XRP. Stellar has higher revenue, more partnerships, and its business model is less reliant on token sales. Stellar focuses on global remittance services and collaborates with large companies like MoneyGram, surpassing Ripple in many aspects.
For traders, understanding Ripple's predictable patterns, including the short-term rises driven by announcements and market sentiment, can be profitable. However, from a long-term trend perspective, caution is advised when comparing XRP's performance and fundamentals with competitors like XLM.
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