Is XRP Price Explosion Ahead? Ripple NDA Expiry Could Be the Catalyst
Algopear’s pseudonymous co-founder, HighVibeAssets, believes that the price of XRP will startle millions of people. Amidst general skepticism, this is anticipated to occur as Ripple’s NDAs expire. Notably, proponents of Bitcoin have cautioned against this assertion. According to them, altcoins like XRP are not worth it and still perform poorly when compared to Bitcoin.
HighVibeAssets replied that, in the end, the skeptics might only be responsible for themselves. The price of XRP is expected to soar sharply, taking many by surprise, according to him. He asserted that non-disclosure agreements (NDAs) with Ripple are coming to an end and related contracts are being made public virtually every day. Investors have had plenty of opportunity to buy XRP at a discount, but institutional demand might soon push the price above the grasp of individual investors, he said.
XRP Price Stalls Despite Growing Institutional Buzz
According to the XRP community, Ripple has historically maintained a high level of secrecy surrounding its agreements with banks and payment processors. According to HighVibeAssets, NDAs that expire by the day raise the possibility that additional institutional announcements will shortly be made, which would increase demand for XRP liquidity. New partnerships and significant institutional interest in the coin are already being announced. To the dissatisfaction of XRP holders, however, recent price performance has not adequately reflected the good news.
Many people, meanwhile, disagree with the XRP Army’s widely held beliefs. The CEO of Swan Bitcoin, Cory Klippsten, made a compelling argument on a Mr. M Podcast episode. He maintained that when compared to Bitcoin, the value of practically all altcoins, including XRP, decreases over time. Only Dogecoin and XRP have ever surpassed Bitcoin to reach a new all-time high following their initial peaks, according to Klippsten. Since then, though, both have significantly declined from that peaks.
XRP/BTC Ratio Hits Historic Lows: Here’s What It Means for Investors
Although XRP’s fiat gains might seem remarkable, Klippsten’s analysis shows that historically, its performance has lagged behind that of Bitcoin. This viewpoint is accurate when looking at the XRP/BTC chart, in fact. Data from TradingView indicates that the all-time performance of XRP/BTC shows a staggering loss of 54.38%.
At the moment, the pair is trading at 0.00002551 BTC, down from its peak of 0.00024607 BTC in 2017. Since its 2021 peak, Bitcoin has reached multiple new peak levels. This further reflects this enormous underperformance. During the 2021 bull run, XRP did not reach a new all-time high, and many blamed the pending SEC case for this. The coin continues to trade below its all-time high from 2018, which may have had a big effect on the XRP/BTC ratio.
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