XRP’s price is trailing the broader crypto market’s gains, but fractal analysis suggests it may soon gather upward momentum.
XRP (XRP) price has notably lagged in the ongoing cryptocurrency market rally, failing to revisit its peak value set in January 2018. But could 2024 be any different?
XRP’s price returns in 2024 sit at just 1.85% despite a prevailing upside sentiment across the crypto market. For instance, Bitcoin (BTC) and Ether (ETH) have gained 58% and 68.50% in the same period. Perhaps more astonishing, the XRP/BTC pair has lost 88% over the past five years.
Perhaps more astonishing, the XRP/BTC pair has lost 88% over the past five years as traders have shifted focus to the surge of investments into newly launched Bitcoin ETFs, the Bitcoin halving event, and speculation on the approval of Ethereum spot ETFs by May.
