XRP May Hit Bottom Before Bitcoin
XRP's current price action has some traders wondering if it may be nearing its bottom before Bitcoin, based on historical patterns.
Crypto analyst ChartNerd pointed to two instances in the past where XRP formed its macro floor months before Bitcoin confirmed its own bottom: June 2014 and June 2022, both midterm election years.
If $1.08 holds while BTC marks a new low, there is a slim chance the bottom for XRP is already in place, according to ChartNerd.