XRP officially separates from Bitcoin, top traders react

XRP officially separates from Bitcoin, top traders react
Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the opinions of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.

the XRP price She wasted no time this year showing unusual things on her charts. In the latest episode, the fourth largest cryptocurrency is currently up more than 10%. Bitcoin (BTC). After XRP saw 320% growth against the leading cryptocurrency in November, the past three weeks have been an even bigger bump.

However, as we can see now, this was a correction and not a reversal of the downward trend. Whether this is the start of the second round of the rally for XRP against BTC remains to be seen.

Related to

XRP is up 11%, but its gains are dwarfed by its rival

The price movement of XRP against Bitcoin has attracted the attention of “DonAlt”, a popular trader widely known in the cryptocurrency space. The experienced trader was succinct but eloquent in his commentary on the separation of XRP from Bitcoin today, simply declaring it a “good scheme.”

DonAlt was one of the few traders who saw the potential for XRP to rise in November, even though the price of the token had already risen by 200%, which is considered a lot for such a large asset.

Related to

XRP Rival XLM rockets to 15% win in mystery rally, defies death cross

In the end, the total return of XRP during this local rally was more than 400%, with the price of the token rising from $0.5 to $2.9 in one month.

currently, XRP It is trading at 0.000025 BTC, its highest level in a year and a half. The pair's all-time high is still 1,000% higher at 0.00025 BTC, which doesn't seem like much considering the exceptional performance the cryptocurrency has delivered over the past few months.

Disclaimer: The opinions expressed by our writers are their own and do not represent the opinions of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *