[Analysis] Ripple Breaks 8-Year Downtrend Line... "Possible to Surpass All-Time High of $3.8"

Ripple, which has recently shown a tremendous upward trend, is expected to surpass its all-time high of $3.8.

On the 15th (local time), the cryptocurrency specialist media Cointelegraph reported, "Ripple has led the cryptocurrency market by rising about 12% in the last 24 hours. Ripple has shown an increase of about 466% since November 2024, outperforming Bitcoin."

This year, Ripple has shown performance that overwhelms Bitcoin (BTC), which led the market last year. The XRP/BTC chart, which allows a simple comparison of the price performance of Ripple and Bitcoin, broke the downtrend line for the first time in 8 years, surpassing 0.000015 in the last week of November 2024.

Analysts believe that Ripple, continuously showing better performance than Bitcoin, may surpass the all-time high ratio of 0.000245 recorded in May 2017.

Stef is Crypto analyst stated, "Based on strong trading volume, Ripple is expected to show outstanding performance. In the coming months, Ripple is expected to perform at least 530% better than Bitcoin. It could surpass the all-time high of $3.84," he said.