- XRP could outperform Bitcoin (BTC) and Ethereum in the near term
- XRP started the massive bull run in late 2017
- Technicals are pointing to another major rally in crypto, with XRP at the forefront
XRP Price Prediction – XRP is increasingly becoming popular with a continually growing fan base. However, the price action and performance of the digital currency have not been what many expected it to be. XRP has become one of the more subdued stories in the digital currency space since the bubble burst. The once third-largest digital currency and second-largest altcoin by market cap have lost its position due to its weak performance over the past three years. Nevertheless, the poor performance of the digital currency could turn into an underdog story, where it roars past the largest and second-largest digital currencies by market cap. Tony Spilotro of NewsBTC recently pointed out what technicals are possibly saying about a powerful new XRP uptrend.
XRP (XRP) Price Today – XRP / USD
Ripple News Today – XRP Pioneered the Massive Bull Run in the Late 2017
Almost all top cryptos on the market tested their all-time highs back in late 2017 and early 2018. The world’s most dominant digital currency, Bitcoin (BTC), hit an all-time high of about $20k. Ethereum (ETH) also peaked at over $1,400 while XRP (XRP) surged over $3.80 per coin. However, they later crashed and have been in the bear market since then.
Nevertheless, what many do not know is that it was XRP (XRP) that led the initial rally in early 2017, and carried Bitcoin, Ethereum, and other coins along. Back in March 2017, XRP started the bull run and recorded the most gains before Ethereum followed and Bitcoin later joined the train.
Then XRP was known as Ripple, and it started trading sideways for a few months, paving the way for Bitcoin and Ethereum to steal the stage. Ethereum and Bitcoin have been outperforming XRP since then. However, there is a higher chance that all that could soon change. Just like the last time, XRP could start another rally, sent the digital currency market into a tailspin, and take the lead into the next bull mark.
The market cap of the entire digital currency market was up by more than 80 percent year-to-date at the 2020 highs, before everything went sideways. At the beginning of the breakout in July, XRP was at the top of all altcoins and Bitcoin in the week-over-week performance. Once again, the digital currency has calmed down, but it could be the calm before the storm.
The price charts of XRP/BTC and XRP/ETH are both signaling a repeat of XRP leading the way for the digital currency market. With so many technicals pointing to an XRP breakout against Ethereum and Bitcoin and the past evidence of XRP leading the major rally, another major rally in crypto could soon be here.