For the time being, there is literally nothing to get excited about when it comes to the cryptocurrencies, tokens, and digital assets. Bitcoin dictates the pace, which will undoubtedly put even more strain on alternative markets as more time progresses. Even the XRP price is not capable of mounting a comeback, even though the XRP/BTC ratio looks a lot more resilient compared to most other markets.
When Will the XRP Price Bounce Back?
It is not uncommon for alternative markets to create some negative sentiment in the cryptocurrency industry. Although they are not at fault for doing so as of right now, they will add to the overwhelming sentiment of how things will not improve anytime soon. In the case of XRP, the expected push in XRP/BTC is not happening as of right now, which is not necessarily what investors have been looking for.
To put this in perspective, the XRP price lost another 3% in USD value, yet just lost 0.4% against Bitcoin. If the XRP/BTC ratio could somehow turn around all of a sudden, some of the USD-based losses…