XRP Outshines Ethereum in 2023: Price Surges Over 116% Despite Legal Tussle

1 year ago 86

The post XRP Outshines Ethereum in 2023: Price Surges Over 116% Despite Legal Tussle appeared first on Coinpedia Fintech News

In a recent tweet, Cryptoes, a top crypto analyst, revealed a surprising twist in the crypto world. Despite ongoing challenges, XRP has outpaced Ethereum this year, taking the lead.

Ethereum Left Behind

Recently Cryptoes, a prominent crypto analyst, has performed a technical analysis, pointing out that XRP has outpaced Ethereum in performance throughout 2023.

Cryptoes, known for insightful analyses, highlighted XRP’s impressive performance, acknowledging its resilience through tough times. Despite facing hurdles, XRP not only survived but also outshone Ethereum, a crypto giant, according to the analyst’s tweet.

Given how #XRP has performed over the past few years this is not something to brag about but wanted to bring it to your attention regardless…$XRP has been outperforming $ETH in 2023

We still have long ways to go to catch up to its market cap but hopefully we are at the verge… pic.twitter.com/jUR7YRlFPp

— Cryptoes (@cryptoes_ta) December 6, 2023

While this news might surprise many, Cryptoes pointed out the significant gap in market capitalization between XRP and Ethereum. However, XRP’s surge of over 116%, reaching $0.647, compared to Ethereum’s 91.9% increase, suggests a potential new and steady uptrend for XRP.

Also Read: Investors on High Alert: Ripple to Release 200 Million XRP in December?

XRP Community Response

In response to Cryptoes’ post, a user on the X platform suggested that XRP’s price movement might be forming a bullish Cup and Handle pattern. Cryptoes confirmed this observation. This pattern, with a rounded bottom (the “cup”) followed by consolidation and a smaller upward movement (the “handle”), could signal positive developments for XRP.

And people don’t know or remember that XRP flipped eth’s market cap before. And has regulatory clarity.

— Geniox (@Geniox01) December 6, 2023

XRP Continues to Rule

If the Ripple vs. SEC courtroom battle ends favorably and regulatory clarity persists, XRP’s price could potentially reach $1 to $3.

Despite legal challenges, XRP is making a bold statement in the competitive crypto arena. The market is buzzing with speculation about the future of this resilient digital asset. As XRP continues to exceed expectations, the crypto community eagerly anticipates what lies ahead for this standout performer.

Read Entire Article