The post XRP Price 55% Down Against BTC, With XRP Stuck Under $0.65 While BTC Rises Above $41K appeared on BitcoinEthereumNews.com.

XRP price against Bitcoin (BTC) has seen a massive decline over the past decade, collapsing by as much as 55% since December 2013 amid sustained underperformance. Bitcoin began 2013 with a modest $13 price. However, the asset gained massively within the year, soaring to an impressive $1,120 in December 2013. XRP also began 2013 with a modest price, but eventually increased to $0.0383 in December 2013. With XRP trading at $0.0383 and Bitcoin changing hands at $1,120 exactly 10 years ago, the XRP/BTC pair traded at 0.00003419 as of December 2013. Over the years, the pair has recorded upswings and declines, but current data suggests BTC has largely outperformed XRP since then. At the start of this year, Bitcoin’s dominance was already evident, with XRP trading for $0.3385 while BTC saw a value of $16,530. These values indicated that the XRP/BTC pair started the year with a value of 0.00002048, representing a massive 40% drop from the December 2013 figure. – Advertisement – XRP Down 55% Against BTC Since December 2013 Taking their appreciation rates into account, XRP had only increased 783% from December 2013 to January 2023. On the other hand, Bitcoin had skyrocketed by 1,375% within the same timeframe. However, both assets were equally regarded as largely undervalued at their January prices. Since January, Bitcoin has increased by 152%, while the XRP price has only seen an 89% rise. XRP’s year-to-date performance is impressive when highlighted in an individual light. Nonetheless, it falls short compared to Bitcoin’s performance.  Compounding these price performances since December 2013, the XRP/BTC pair has decreased from 0.00003419 10 years ago to a current value of 0.00001529. This marks a 55% drop in the pair, indicating that Bitcoin has outperformed XRP by 55% in the last 10 years. Possible Reason Analyst Sommi called attention…

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Filed under: News - @ December 4, 2023 2:16 pm