XRP has gained 200 percent against Bitcoin: Here are the surprising targets of the analysts!

Crypto sleuth Leerzeit shared an intriguing observation on Twitter, highlighting the surprising performance of XRP amid the Ripple SEC lawsuit. Unlike BTC Maxis, the XRP price has surged by over 200% against Bitcoin (BTC), and market sentiment has been on the rise as the Ripple lawsuit decision approaches.
XRP/BTC surge
Leerzeit's tweet captures the essence of XRP's unexpected growth: “Since the SEC filed its lawsuit, XRP has gained more than 200 percent against BTC. Of course you can try to find an excuse, but that won't work either."
Leerzeit later tweeted, challenging the logic of BTC maximalists, saying:
“BTC Maxis' logic should be that the value against Bitcoin should have dropped since the lawsuit.”
This perspective confronts the belief that any negative development in the crypto industry automatically benefits Bitcoin while lowering the value of other cryptocurrencies. XRP's 204 percent rise defies this conventional notion, requiring a deeper examination of the market forces at play.
XRP price prediction
A recent analysis by influential crypto sleuth Dark Defender shared an optimistic view of XRP's price performance. According to the analysis, XRP broke the downtrend after a long period of 777 days. Super and Wave trends are currently bullish, pointing to a positive market sentiment for Ripple.
While there is a possibility of a temporary drop to $0.40, it is believed that this will not break the overall bullish pattern. The analysis shows that the altcoin is forming a cup pattern and predicts price targets of $0.8917, $1.7396 and $3.3939, with the expected upward move from August.
XRP's price performance
After Bitcoin reclaimed the $26,000 support level over the weekend, it took a dip in Asia on Monday morning and the altcoin showed resistance. Ripple; Along with Dogecoin and Litecoin, it emerged as the only earning cryptocurrency among the top 10 non-stablecoins.
Despite closing the week at $0.48678, down 6.56 percent, the altcoin showed its strength, posting a 1.45 percent gain on Sunday and a 0.91 percent gain on Saturday. However, it failed to reach the $0.50 level in the fourth consecutive session.
As of now, the live Ripple price is at $0.493151 with a 24-hour trading volume of $841,551,286. Over the past 24 hours, the altcoin has seen a 2.24% increase in value, while Bitcoin has dropped 0.74% in the same time frame.
#GateioTurns10# #BountyCreator# #ContentStar# #GateioBountyCreator#   #Gateio10周年# #NewYearCelebration#   #CryptoObserves# #币CircleObserver# #NewsMessenger#