XRP, the Ripple-associated digital currency, is anticipated to undergo a significant surge against Bitcoin, according to a top trader. The XRP/BTC pair currently stands at 0.00000968 BTC, marking a 34.5% downturn since the beginning of the year but a 27% increase since June. The cryptocurrency previously experienced a squeeze in August when it was declared not a security in the SEC v. Ripple case. However, the XRP Ledger ecosystem has recently reached its lowest market cap since January 2022, indicating a decline in interest and adoption. This could potentially diminish innovation and investor confidence as other chains gain preference among projects and developers.
Latest
XRP Ready for “Huge Squeeze” Against Bitcoin, Top Trader Says
