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Ripple investors (XRP) are truly one of the most loyal investors that a market has ever seen. The way in which the price defended itself against potential falls in the face of market crashes is absolutely staggering. Indeed, many Bitcoin maximalists (BTC) would like to see Bitcoin (BTC) demonstrate this kind of resilience. However, while the price of Bitcoin (BTC) is affected by all types of investors and whales that would unload a ton of coins on the exchanges to get a quick profit or liquidate some positions, XRP investors are mostly hodlers. This has to do with the particular class of investors that Ripple (XRP) attracts but also has to do with Ripple price action (XRP). If we look at the weekly XRP / BTC chart, we can see that most of Ripple's big upward moves (XRP) happen in a very short period of time.
The previous cycle saw Ripple (XRP) rally in 70 days during its first rally. Subsequently, Ripple (XRP) entered a correction for 203 days. At the end of that cycle, Ripple (XRP) again rallied and then corrected in the same way as before. If we consider both the previous cycles visible on the chart to be completed within the same duration of 273 days, then we can assume that Ripple (XRP) has already started a new cycle. In fact, Ripple (XRP) is likely to gather aggressively in the coming weeks if it follows its previous cycles. It will be a challenge to work with the RSI that is about to enter the overbought levels. When this happens, the price may not be able to be mobilized in the same way as before. The long consecutive consecutive candles do not seem to be probable under current conditions.
The price could still increase with the rest of the market to reach a new historical high during the next cycle. It is surprising to see that XRP / USD is continually seeing new investors see that the price has dropped from over $ 3. Most hodlers continue to suffer losses of more than 80%, but they do not seem to be bothered. Furthermore, it has not discouraged new investors from entering the market. At a time when we see the cryptography market in a bloodbath and most of the cryptocurrencies are fighting for their lives, Ripple investors (XRP) do not seem to be worried. In fact, Ripple's recent investor victory (XRP) in the form of XRP that exceeds ETH in terms of market capitalization has led to greater investor confidence.
When Ripple (XRP) passed Ethereum (ETH) in the market capitalization, investors turned their eyes to Bitcoin (BTC) and their hopes reached the skies. Their confidence in the promise of Ripple (XRP) to become the global payment mode has increased even more, and why should not consider that the price of Bitcoin (BTC) is influenced by a select group of miners and whales that can swing the output price for their own greed. Bitcoin (BTC) is a noble creation and, in my opinion, the only cryptocurrency that can be called money. However, Ripple (XRP) is in a better position to replace fiat as its preferred digital currency in the near future.
