Whereas most of the top cryptocurrency, token, and asset markets are noting major gains right now, it would appear XRP is a bit behind the curve. Not because it isn’t noting any gains, but its deficit in BTC value is slowly eroding some of the USD-based XRP price gains. As such, there is still an uptrend to speak of, albeit traders are not too happy about the XRP/BTC ratio, for obvious reasons.
XRP Price Momentum Offers a bit of Both
For those traders and enthusiasts who look at the bigger picture, it becomes apparent XRP’s price trend is not entirely abnormal. Most of the non-Bitcoin markets note strong USD gains, yet lose value over Bitcoin itself. Although some markets have smaller BTC-based losses compared to others, it would appear XRP is a bit of a different creature. It is one of the few markets whose BTC-based losses are bigger than the USD-based gains.
To put this in perspective, the XRP price has gained 6.5% to bring the value to $0.332242. However, in XRP/BTC terms, it seems a 7.75% loss has materialized over…