Ripple’s strong performance compared to Bitcoin and Ethereum since the beginning of the year
The cryptocurrency market is known for its high volatility, but recent weeks have witnessed even sharper fluctuations, especially following Trump’s announcement last Sunday about establishing a U.S. strategic reserve of cryptocurrencies, which includes Cardano, Solana, Ripple, Ethereum, and Bitcoin. This move signals his strong support for the industry.
Notably, for the third consecutive week, there has been an outflow from cryptocurrency investment products, particularly due to uncertainty surrounding the tariffs imposed by Trump’s administration on several countries, including Canada, Mexico, and China. This has driven investors to exit these products and seek safe-haven assets.
Ripple (XRP) is currently the third-largest cryptocurrency by market capitalization ($145 billion), following Bitcoin ($1.8 trillion) and Ethereum ($269 billion).
Read the full article: https://www.tradetaurex.com/asset/ripples-strong-performance-compared-to-bitcoin-and-ethereum-since-the-beginning-of-the-year/
Please note that this analysis is provided for informational purposes only and should not be considered as investment advice. All trading involves risk.