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True believers of imminent Altcoin season We now have the most convincing evidence yet:
XRP is at all-time highs (sort of), and the XRP Army finally looks like the smart ones in the room.
It's definitely a big problem. XRP price records have turned out to be cryptocurrencies' answer to Halley's Comet: they only come around once every half a decade or so. It's been eons here.
There have been conflicting reports about whether XRP has actually broken its peak in 2018. Fortune piece Yesterday noted that XRP's all-time high is $3.84 on Binance while CoinGecko says $3.40.
XRP reached a high of $3.3991 on Binance on Thursday afternoon, according to TradingView data. So eh, close enough.
Not to mention, Ripple Labs' CTO is historically David "JoelKatz" Schwartz Insistent For most of the cryptocurrency trading world, XRP never actually reached $3.84 in 2018.
This price was only supposed to be met briefly on the South Korean exchanges, which at the time represented a high price. beloved On several premium currencies, including BTC and XRP.
Keep in mind that the goal of most cryptocurrency traders and investors is to avoid “tumbling” in their portfolios – holding coins from the top of a bull market to the lows of a bull market and back again.
A true circular move in the case of XRP would mean surviving a 90% crash between January 2018 and December 2019, and another 80% drop between April 2021 and the following June.
Here's the problem: Since the last all-time high for XRP was a long time ago, today's equivalent would be much higher due to US dollar inflation.
What was $3.40 in 2018 is now $4.25. XRP would need to rise another 25% or so to break its inflation-adjusted all-time high, as shown by the beige area at the top of the chart above.
But that's only per dollar. XRP's Bitcoin and Ether ratios remain firmly underwater, despite rising nearly 500% since this time last year.
The purple line in the chart below shows the performance of XRP against ETH, while the pink line represents its BTC ratio.
XRP has lost 64% of its value against ETH since Ethereum's launch in 2015 and 42% against BTC during its record trading history, starting in 2013.
It doesn't matter. XRP's rise remains a symbol of a big wave of cryptocurrencies in the United States ahead of Trump's second term. It is a sign of the times that screams that the US is open for the cryptocurrency business.
Take Ripple's brand and communications, for example early Years: It is strange that “crypto” and “blockchain” were absent until then Mid-2017instead of choosing that present Distributed ledger as a payment protocol similar to email.
And now they"Pioneers in the field of encryption".
If there is such a thing as the opposite String strippingRipple has succeeded in achieving this. And this is paying off.
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