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CryptoIntelligence 2024-04-14 12:54:27

XRP Shows Signs of Recovery Ahead of Bitcoin Halving, Poised for Bullish Reversal in 2024

XRP Shows Signs of Recovery Ahead of Bitcoin Halving, Poised for Bullish Reversal in 2024

In 2024, XRP has underperformed compared to Bitcoin, experiencing a decline of approximately 2.5% year-to-date (YTD), while Bitcoin has surged by 60% over the same period. Consequently, the XRP/BTC exchange rate has fallen by 40% YTD. Despite this, there are emerging signs of recovery for XRP as the Bitcoin halving approaches, supported by several bullish indicators that may enhance its performance post-event. Historically, XRP has shown a pattern of excelling relative to Bitcoin around halving times. For example, following the third Bitcoin halving in May 2020, the XRP/BTC pair surged over 100%. A similar trend was observed around the second

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