From 24/7 Wall St. · Sam Daodu · · 50s
Bitcoin Hits 8-Month High, XRP Lags 38%
XRP stuck below January peak despite Bitcoin surge.
In brief
XRP stuck below January peak despite Bitcoin surge. XRP remains 38% below January peak as Bitcoin hits eight-month high due to regulatory uncertainty and low fund participation. Originally reported by 24/7 Wall St..
Bitcoin Climbs
Bitcoin reached eight-month high at $84,702.
Xrp Struggles
Xrp priced at $1.47, 38% below january peak.
Xrp's Losing Year
Xrp dropped 52% in past year vs bitcoin's 33%.
Regulation Gap
Xrp faced five-year regulatory uncertainty.
Fund Participation
Bitcoin etfs hold 6.4% supply vs xrp's 1.7%.
Supply Issues
Xrp releases up to one billion coins monthly.
Break-Even Point
Most xrp holders at break-even at $1.48.
What Holds Back Xrp
Xrp needs demand to absorb supply before catching up.
The essence
XRP remains 38% below January peak as Bitcoin hits eight-month high due to regulatory uncertainty and low fund participation.
