The trader believes that the XRP cryptocurrency could regain ground if BTC manages to bottom out in the near future.
Pseudonymous crypto trader believes XRP is showing more strength than Bitcoin.
According to CoinGecko, XRP is currently trading at $0.52.
Earlier today, Bitcoin dropped below the $58,000 level.
The cryptocurrency has been hit hard by bears amid fears of a recession in the U.S.
Recent data showed a sharp slowdown in economic growth, sparking a global market crash.
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