XRP Undervalued vs Bitcoin but Confronts Volatility Risks
Cryptocurrency analyst Benjamin Cowen warns that XRP, despite its strong institutional backing and summer gains, remains undervalued against Bitcoin and exhibits higher risk and volatility. The XRP/BTC pair has shown modest gains over the past year but trades well below its historical peaks at around 0.000028 BTC. On the XRP/USD chart, a symmetric triangle pattern has formed following early-year rallies, with key support at the 100-day EMA near $2.76 and resistance in the $3.40–$3.50 range. The Relative Strength Index sits at neutral levels, indicating openness to either a bullish or bearish breakout. While Bitcoin continues to attract investors as a store of value and inflation hedge, XRP’s speculative nature prompts traders to await a decisive price movement before committing, making the upcoming breakout critical for market sentiment.
Neutral
The analysis underscores a balanced technical outlook for XRP against Bitcoin. The symmetric triangle pattern and neutral RSI suggest neither bullish nor bearish dominance, mirroring past instances where altcoins awaited a clear catalyst before breaking out. While XRP’s undervaluation and strong institutional ties hint at upside potential, its higher volatility compared to Bitcoin tempers immediate market enthusiasm. In the short term, traders may see choppy price action as they gauge breakout direction, whereas long-term prospects hinge on whether XRP can sustain momentum above the key $3.40–$3.50 resistance or fall back below support. This alignment of risk and potential supports a neutral market impact.