XRP Gains Strength Against ETH Amid Market Weakness
The Most Important Points at a Glance
XRP shows relative strength compared to Ethereum. While ETH has recently lost value, XRP remains above key support levels. Analysts see potential for further upward movement. The coming days could be crucial in determining whether XRP can further solidify its position.
XRP Maintains Stability Despite Market Weakness
Despite a weak February, XRP remains in a stable upward structure. The price is over 300% above the opening price on election day and holds above the critical $2 mark. A rise to $3 is not yet in sight, but with a 3.63% increase in the last 24 hours, XRP demonstrates resilience.
In contrast, Ethereum has given up all post-election gains. The support at $2,400 has been breached, and ETH is now trading 8% lower. Market analyses suggest that XRP could see a 25% upward movement relative to ETH.
Investor Interest: XRP or ETH?
During Bitcoin consolidation phases, investors tend to shift capital into alternative assets. XRP has gained 3% against BTC in recent days. Additionally, XRP’s open interest (OI) has increased by 3.77% to $3.16 billion. Notably, the largest whale wallets show signs of renewed accumulation.
ETH has also recorded an increase in open interest by 2.21% to $20.13 billion. However, exchange reserves have only risen by 0.16%, whereas XRP has seen a 4.87% increase. Weak demand for ETH could lead to a long squeeze, potentially benefiting the XRP/ETH pairing.
Capital Rotation Towards XRP?
Current market conditions suggest that capital is increasingly flowing into XRP. While Bitcoin has lost attractiveness after its recent decline and ETH shows no strong demand, XRP may be entering an accumulation phase.
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The $2 mark could establish itself as a local low, but confirmation is still pending. The coming days will reveal whether this trend continues and XRP establishes itself as the preferred alternative to ETH.
Our Assessment
XRP currently appears more robust than Ethereum. The increasing demand and accumulation signals could indicate an impending price movement. However, it remains to be seen whether this trend is confirmed. Investors should closely monitor developments and watch for further signals.
| Symbol | XRP |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $2.30 |
| 24h % | -1.98 % |
| 7d % | 10.13 % |
| 30d % | -17.24 % |
| 60d % | -30.80 % |
| 1y % | 269.91 % |
| Official Links | Website |
| Socials | X |
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