RATE Group | XRP is the only major altcoin underperforming against Bitcoin, so is a rally inevitable?
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XRP is the only major altcoin underperforming against Bitcoin, so is a rally inevitable?

16 Feb XRP is the only major altcoin underperforming against Bitcoin, so is a rally inevitable?

Posted at 01:09h in Cryptocurrency News by

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In comparison to other leading altcoins like EOS, Cardano (ADA), and Ethereum, XRP is still lagging behind bitcoin even after an 80 percent rally against the USD since the first week of January.

Analyst says XRP should be higher than where it is now

According to Luke Martin, the price of XRP should be 11 percent higher than where it is currently based on the performance of other major altcoins.

Following the upsurge of Bitcoin in the past two months, EOS, ADA, and Ethereum surged significantly against both the USD and BTC.

While XRP has seen a sizable gain against the USD, it has not been able to outperform bitcoin despite the lack of volatility of the dominant cryptocurrency.

The Bitcoin price has been ranging between $10,200 to $10,500, unable to break out above key resistance to aim for higher levels at $10,900 and $11,500. When Bitcoin demonstrates a sideways movement, it often propels the altcoin market to see large gains against BTC.

That has been the case for Ethereum especially,…

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