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.
