XRP has made significant gains against Bitcoin in recent months, with its price skyrocketing over 10% against the leading cryptocurrency. This latest surge comes on the heels of a 320% growth against Bitcoin in November. While some experts view this as a correction rather than a reversal of the trend to the downside, others see it as a sign of a second round rally for XRP.
Popular trader DonAlt has expressed interest in XRP’s price action, stating that it represents a “good chart.” Even though DonAlt saw potential in XRP’s rally in November despite the token’s already skyrocketing 200%, he acknowledges the asset’s exceptional performance. In one month alone, XRP’s total return was over 400%, with its price going from $0.5 to $2.9.
Currently, XRP is trading at a one-year high of 0.000025 BTC, surpassing its previous all-time high by 25%. This remarkable increase demonstrates the asset’s resilience and potential for further growth. As the market continues to watch XRP’s price action, it remains to be seen whether this rally will continue or if it’s just another correction.
Source: https://u.today/xrp-officially-decouples-from-bitcoin-top-trader-reacts