Sixth largest crypto asset by market cap XRPhas been losing value against Bitcoin (BTC) for a while.
XRP/BTC pair is currently trading at 0.00001339, which Ripple After his case was filed, he was last seen in May 2022 and early 2021.
Despite this negative outlook in the parity, many analysts predict that the price will improve in the near future and move in the expected direction. As we reported as Koinfinans.com, past data also gives signals that the decline in parity may end very soon.
This is because XRP/BTC has gained significantly in cases where it has jumped. In these cases, once the price finds a bottom against BTC, an explosive price tends to follow. altcoinThere is still hope of turning the tide if positive triggering news or events emerge, outperforming Bitcoin.
However, it is important to underline that past data will not give definitive results; any event in the market may affect this parity. For example, increasing Bitcoin ETF expectations may increase the BTC price, triggering a negative outlook in the parity.