In recent weeks, XRP has shown consolidation amid Bitcoin's dominance. Experts consider the possibility of significant growth for the cryptocurrency.
XRP Consolidation and Rally Potential
According to Benjamin Cowen, XRP's recent calm after its summer breakout may signal a notable market shift. Despite the absence of significant price changes, Cowen raises the possibility of XRP being undervalued compared to Bitcoin.
Comparing XRP and Bitcoin
The analysis shows that XRP has struggled to match the growth exhibited by Bitcoin. Despite experiencing rallies, XRP has failed to maintain those levels of growth. Currently, XRP aims to reclaim the 0.000028 BTC mark, underscoring Bitcoin's market dominance.
Speculative Nature of XRP
Though XRP's volatility makes it less appealing to conservative investors, the token still holds significant value within Ripple's growing financial partner network. Market indicators suggest that XRP may be preparing for a breakout potentially leading to a bull run.
XRP is on the verge of potential movement, and traders are closely monitoring its price action, hoping to break past historical resistance against Bitcoin.
