XRP Bleeds Against Bitcoin: Should Investors Be Worried?

The sixth-largest crypto asset by market capitalization XRP has been losing value against Bitcoin (BTC) for some time now.

The XRP/BTC pair is currently trading at 0.00001339, which was last seen in May 2022 and early 2021, after the Ripple lawsuit was filed.

Despite this negative outlook for the pair, many analysts predict that the price will improve in the near future and may move in the expected direction. As Koinfinans.com reported, historical data also signals that the decline in the pair may end very soon.

This is due to the fact that it has won significantly in cases where it has bounced on the XRP/BTC pair. In these cases, when the price bottoms out against BTC, an explosive price tends to follow. The altcoin still holds the hope of reversing the tide if it outperforms Bitcoin if positive triggering news or events emerge.

However, it is important to underline that historical data will not give definitive results, any event in the market may affect this parity. For example, an increase in the expectation of a Bitcoin ETF may increase the BTC price and trigger a negative outlook in the pair.

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