BTC is on a roll. Even though the token saw some bearish price actions due to macroeconomic factors, it is back on track. At press time, the token trades well above the $100,000 mark. While some BTC enthusiasts are careful, as the token tends to fall rapidly after a bull run, others believe $200,000 might be in sight.
While the community is fighting over BTC’s price action, crypto researcher Ripple Van Winkle has suggested that XRP can show price action. At press time, XRP is hovering at the $2.30 mark. Still, analysts believe that the token has more space to run compared to BTC if it holds its current uptrend momentum.
Rise From The Ashes
XRP has long been one of the most persecuted tokens in the crypto ecosystem. Under the archaic SEC regime, the token saw some major setbacks. However, the SEC has changed its stance on XRP, which catapulted the token to great success.
On the other hand, XRP’s rise is also due to what it offers. XRP is renowned for its lightning-fast transactions and low processing fees. Subsequently, the firm is also set to acquire a company called Hidden Road, which could push the token’s profitability higher.
However, what is remarkable is that many people believe that the token is powerful enough to eventually take over BTC. While this claim is quite tall, there is no reason to dismiss it completely. As a result, the coming few months will be crucial for the token. Hence, traders must consider any form of movement.
