Trader and analyst Luke Martin claims that XRP is significantly undervalued when compared to other major alt coins. Martin’s position reflects the volatility of the present cryptocurrency market, and indicates that far more capital is expected to enter the space soon.
Is XRP Really Falling Behind?
Martin, a veteran analyst, notes that major alt coins tend to move together within the market. Traders have followed this well-known phenomenon for several years. Using this knowledge, Martin notes that XRP has yet to move up in price in concert with the other most valuable alts, notably Ethereum.
Earlier today Martin tweeted:
$XRP should be around 30% higher.
Every other major altcoin has reached the neckline. Most already had their breakout.
— Luke Martin (@VentureCoinist) February 12, 2020
XRP’s value has not moved significantly…
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