XRP vs BTC: XRP Seems To Be Taking The Cake & Priming For A Bull Run

It is no secret that BTC has been struggling as of late. At this juncture, the token might test the $90K support. While some believe that the repeatedly tested support might hold, some suggest that the token might cascade lower, as it is already happening. Therefore, things can get messy at this point.  

On the other hand, sources suggest little resistance above the $95K mark. Therefore, this can be beneficial for the token if it decides to turn bullish. If the token changes its trajectory, it could rise at a meteoric pace. Right now, BTC is operating between $85k and $95k range. Therefore, some suggest that there is plenty of room for action.  

The Other Side Of The Court 

On the other side of the court is XRP, the third largest cryptocurrency in the world, which is showing interesting developments. In the last few hours, XRP has managed to drop by 14%. Some might even suggest that XRP’s situation is similar to the dollar’s.  

Source: Trading View

However, comparing  XRP with BTC, XRP is still doing better. Alternative cryptocurrency has found strong support against its leading counterpart, taking the 200-day moving average in a 12-hour time frame chart. The most important part of the deal is that XRP’s current price point is conducive to a bullish reversal. 

At press time, XRP’s RSI also looks better than BTC’s RSI. As a result, it is suggested that XRP is performing better overall than its competition. While some suggest that it is a natural price movement, others claim there is more to it than meets the eye. Hence, investors are watching XRP with the hope that round 2 for XRP’s bullish run is coming.