RATE Group | Key Altcoins Break Higher; Will the XRP Price Follow Suit?
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Key Altcoins Break Higher; Will the XRP Price Follow Suit?

05 Jan Key Altcoins Break Higher; Will the XRP Price Follow Suit?

Posted at 23:49h in Bitcoin News by

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For much of 2019, altcoins got absolutely brutalized against Bitcoin, with a number of top cryptocurrencies actually posting losses on the year as Bitcoin gained 90% and mainstream asset classes set near-record performances. XRP, for instance, shed 50% of its value against the U.S. dollar over the course of the past year, crumbling under the weight of an increased institutional focus on Bitcoin and simple market cycles which sees altcoins wane against BTC on a relative basis.

But it seems that altcoins are trying to get off on the right foot in 2020, setting the stage for a breakout in Ethereum, XRP, and other key crypto assets in the near future.

Altcoins Break Out, Setting Stage for XRP Rally

Over the past few days, Bitcoin (BTC) has shown signs of strength, surging 7% higher from the weekly low over the past 48 hours.

In 2019, altcoins would have sunk, underperforming Bitcoin in dramatic fashion. But this time, these assets have been keeping the…

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