Can XRP Outperform Bitcoin in Bullishness? Analyst's XRP Coin Comment Raised Question Marks!

Comments made by analysts on #XRP , one of the biggest unknowns of cryptocurrencies, always attract attention. While some analysts predict, perhaps a little too optimistically, that the cryptocurrency may rise to $5, others seem to have their sights set on $1. In the midst of all this, world-famous trader Peter Brandt made an important statement about XRP and made investors nervous.

Peter Brandt, one of the experienced names in the market, emphasized that XRP may lose value against Bitcoin (BTC) while its parity continues to move towards all-time lows. Brandt shared a tweet expressing his views on the X platform. He noted that the xrp/BTC pair is in danger of falling below its long-term low range.

While Brandt mentions that XRP is likely to have more potential upward price movement than #BTC throughout the remainder of the ongoing market cycle, he also states that the “burden of proof” is still on XRP.

According to Brandt, there has been a downward trend in the XRP/BTC parity since 2017. BTC is trading at $61,534 as of writing time. BTC, which is unquestionably at the top in terms of market value, appears to have decreased by approximately 2.27% in the last 24 hours.

BTC's market cap remains just above $1.2 trillion. The 24-hour transaction volume calmed down a bit after the sharp rise seen yesterday and rose to 28 billion dollars after a 5% increase.

On the other hand, when we look at the price of XRP, it is traded at $ 0.504. Based on this price, it ranks 7th on the CMC list with its market volume of 27.9 billion dollars.

$BTC $XRP