XRP is trading near $1.35 after rallying 384% over the past year, outpacing Bitcoin and Ethereum. The move has fueled debate over whether XRP is decoupling from the broader crypto market, with Ripple's former CTO suggesting the token could eventually surpass Bitcoin in market value.
XRP trades near $1.35 after climbing 384% over the past year, a rally that has outpaced both Bitcoin and Ethereum. The surge has sparked debate over whether XRP is decoupling from the broader crypto market.
XRP has also shown lower correlation to other cryptocurrencies, something analysts say could make the token more attractive for portfolio diversification. Some experts believe this could eventually let XRP move somewhat independently from Bitcoin's price swings.
Ripple's former chief technology officer, David Schwartz, has suggested XRP could one day grow larger than Bitcoin by market value, citing the speed of the XRP Ledger and its growing use in real-world payments.
Source: Coinpedia Fintech News (snippet-based)
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