Experienced Crypto Money Analyst Benjamin CowenBitcoin, although the popular Altcoin XRP enters the quiet consolidation process after the rise in summer 
$111,534.88 He made a remarkable output that was still at a point that could still be considered cheap. Cowen added that XRP has not yet regained its market share in the summit period in 2017. Ripple 
$3.00Despite its strong corporate support and increasing use XRPHe added that it is a more risky and volatile investment tool than Bitcoin.
“XRP is behind BTC”
One of the points Cowen attracts attention XRP/BTC It was a parity. Although periodic rise against Bitcoin has experienced in the last year, XRP’s long -term performance remained modest. Altcoin, who is currently trying to return to 0.000028 BTC level, is well below its previous peaks.
On the price graph side, on the XRP/USD graph symmetrical triangle formation occurs. The formation that emerged after the hard rise seen at the beginning of the year prepares a ground for a decisive breakdown. For the time being, the 100 -day EMA is supported by the level of 2.76 dollars, while Altcoin’s price is around $ 3.00. Investors aim to overcome the resistance in the $ 3,40–3.50 band. Relative power indexThe fact that the (RSI) is close to neutral levels shows that the price is open to moving in both directions.
Why do investors prefer Bitcoin, not XRP?
From a basic point of view, XRP, Ripple It holds the support of the ecosystem and the rapidly growing financial partnership network behind. However, the market still sees XRP as a speculative subcoin. For this reason, Bitcoin is still an attractive asset for investors looking for a safe harbor.
Bitcoin is seen as a value storage tool and protection against inflation. It is less preferred for cautious investors due to high volatility of XRP. According to Cowen, the XRP seems to be advantageous in terms of valuation against Bitcoin, but the risk rate is quite high. Although the technical structure points to a strong potential for a short -term, the main determinant will be in which direction the upcoming break will be realized.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
