In early December, Ripple currency, XRP showed a slight 10% jump over the 24-hour period as Bitcoin (BTC) crossed the $ 19,000 level.
At the same time BTC also jumped around 6%, surpassing the $ 19,500 to a high of $ 19,779.
Looking at the Bitcoin movement at the moment, XRP is expected to move higher in a few days if the BTC continues to soar.
At the time of writing, XRP is currently at $ 0.6 and BTC is trading at $ 19,615.
Analysts are confident with Ripple assets even though last week there was a strong surge before a sharp decline. In the short term, the asset begins to approach key resistance levels, indicating the potential for a surge in the future.
If observed on the chart, there is no resistance until the price manages to cross the latest range.
While Bitcoin is hovering below $ 20,000, analysts are not so optimistic even though Satoshi Nakamoto’s assets recorded a steady price increase.
However, the dumping of institutional investors who are beginning to be interested in BTC has the potential to bring these major crypto assets to new heights and over time will determine the next breakthrough.
