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XRP edged ahead of Bitcoin today, increasing market speculation about a potential big move as trading tightens.
XRP Price Gains Over Bitcoin
According to information provided by Binance, the price of the widely used cryptocurrency XRP made a positive change in comparison to Bitcoin today.
Therefore, XRP's price against BTC increased by more than 1% today, as reported by the black-and-yellow crypto giant's market quotes. U.Today explains that this is due to the fact that Bitcoin's price dropped by more than 2.25 percent today, losing successively important levels at $57,800 as the U.S. stock market opened.
XRP Holds Strong Among Top Cryptocurrencies
The price of XRP also decreased, but only by one percent, and it appears to be more robust than its competitors, which are ranked among the top ten cryptocurrencies on the market.
Consequently, the altcoin's price seems good compared to the first cryptocurrency. But the most important thing is that this trend that began in early July is being maintained. In the time since XRP's price has risen 27.36% to its present level and 53.49% to its early August high.
XRP Signals Big Move Ahead
When one examines the price chart of XRP in comparison to Bitcoin, one can observe that it appears to be getting ready for a significant move, which is now accumulating in a range that is quite constrained and limited.
At the beginning of July and August, when candlesticks were at 27% and 20%, respectively, we witnessed the most recent instance of such significant movements.
XRP Leads Bitcoin in Past Two Months
As things now stand, the tendency is that over the course of the past two months, we have witnessed XRP's price soaring in comparison to that of Bitcoin at the beginning of each of those months.
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