XRP Price Gains Over Bitcoin, Signals Big Move Ahead as Trading Tightens
- WBOYOriginal
- 2024-09-04 03:12:09417browse
According to information provided by Binance, the price of the widely used cryptocurrency XRP made a positive change in comparison to Bitcoin today.
The price of XRP rose higher than Bitcoin today, adding to speculation about a potential big move as the trading range narrows.
XRP Price Gains Against Bitcoin
The price of the popular cryptocurrency XRP noted a positive price change against Bitcoin today, according to data from Binance.
Specifically, XRP’s price went up by over 1% against BTC today, based on the black and yellow crypto giant’s market rates. This comes as Bitcoin’s price dropped by over 2.25%, losing key levels at $57,800 at the opening of the U.S. stock market.
XRP Price Shows Strength in Top Crypto Ranks
XRP’s price also decreased, but only by 1%, and it seems to be showing more strength than its peers in the top ten cryptocurrencies by market cap.
As a result, the altcoin’s price performance looks good when compared to the leading cryptocurrency. More importantly, the trend that began earlier in July is continuing. Since then, XRP’s price has risen by 27.36% to its current level and by 53.49% to its early August high.
XRP Price Chart Shows Potential Big Move Ahead
Looking at XRP’s price chart against Bitcoin, it appears to be preparing for a big move, with the price action now consolidating within a very tight and narrow trading range.
The last time we saw such significant price movements was at the beginning of July and August, when candlesticks moved by 27% and 20%, respectively.
XRP Price Outpacing Bitcoin for Past 2 Months
The way things are now, it seems that we have seen XRP’s price rising in comparison to Bitcoin’s at the beginning of each of the past two months.
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