Is this a scam when XRP price is interesting? ? ? ? ? ?
In 2021, the cryptocurrency market was caught in a full-blown bull run. While other cryptocurrencies hit all-time highs, XRP fell to a barrier of $1.96 in April of that year. This peak in 2021 was 41% lower than XRP's all-time high of $3.31 in 2018.
In addition, the cryptocurrency market entered an uptrend in the fourth quarter of 2023 and continued into the first quarter of this year. During this period, Bitcoin (BTC) hit a new all-time high and most altcoins recovered the losses of 2022 and 2023. However, XRP continued to perform poorly.
XRP has been underperforming since July last year, but the XRP/BTC ratio has fallen to a strong support level that analysts believe is worth watching. It is worth noting that the ratio has only fallen to this level three times in history. This phenomenon occurred in June 2014, February 2017, and January 2021. Interestingly, each time this level was reached, a major uptrend was followed. With the ratio now back in this area, another Bitcoin price surge could be in the cards.
XRP is currently trading at $0.5101, having broken through the $0.50 resistance level. XRP has gained 17.1% against BTC over the past four days, with the XRP/BTC ratio currently at 0.00000881.
