news 
XRP Gains Against Ethereum – Is It Time to Reallocate?
The recent market volatility has seen Ripple (XRP) exhibit strong relative strength against Ethereum (ETH). The cryptocurrency’s price action suggests a potential accumulation phase, prompting the question: should investors reorient their portfolios in favor of XRP?
Despite a bearish February, Ripple has maintained a robust bullish structure on the 1D chart. This is evident from its significant increase of over 300% since Election Day and the sustained support above $2.00. Notably, it has also experienced a 3.63% gain in the last 24 hours, whereas Ethereum has lost approximately 8% to trade below the critical $2,400 support.
Industry analysts project a potential upside of around 25% for the XRP/ETH pair. Considering this forecast and Ripple’s recent gains against ETH, it is crucial to examine whether investors should reposition their portfolios in favor of XRP.
Historically, Bitcoin’s (BTC) range-bound consolidation has been a phase where market participants optimize portfolio allocation by rotating into high and mid-cap alternatives as part of a risk-management strategy. In the midst of “extreme” market fear, Ripple’s XRP/BTC pair has seen a notable 3% gain, accompanied by a 3.77% increase in Open Interest (OI) to $3.16 billion. Furthermore, two prominent whale wallets have exhibited signs of reaccumulation, aligning with Ripple’s pullback to $1.95.
These statistics suggest rising “dip-buying” interest – a crucial trend to track in the coming days. Should this momentum persist, it could validate an accumulation phase for XRP, setting the stage for a potential breakout once broader market conditions stabilize.
In contrast, Ethereum’s Open Interest has risen by 2.21% to $20.13 billion, while its exchange reserves have only increased by a meager 0.16%, compared to Ripple’s substantial 4.87% surge in exchange reserves. Given the absence of robust spot demand for ETH and Bitcoin’s “high-risk, high-reward” appeal weakening post-meltdown, Ripple’s price action implies a potential accumulation phase.
As investors navigate this market uncertainty, it is essential to consider whether reallocating their portfolios from Ethereum to Ripple could be an opportune move. The question remains: will XRP continue to demonstrate resilience and secure its edge over ETH?
Source: https://ambcrypto.com/xrp-gains-against-ethereum-is-it-time-to-reallocate/
