A prominent market expert discussed what he believes is a better winning strategy for trading $XRP
Instead of #Bitcoin instead of holding it for years.
This comment, which came from the founder of In,to T,he Crypto,,verse, Benjamin Coin, was a direct response to a veiled criticism from another analyst. Initially, Coin provided an analysis of Bitcoin's dominance, which has so far continued to rise, recently reaching 70%, excluding stablecoins.
Bitcoin Dominance
How important is the Bitcoin dominance chart?
In response to Coin, analyst "Geo,,Metric" downplayed the importance of looking at the dominance chart #البيتكوين . According to him, had he paid attention to Bitcoin's dominance, he would have missed entering the $XRP market when XRP was trading at $0.35. It is worth mentioning that this was an ideal opportunity to buy XRP.
Geo,,Metric argued that traders should look at the Bitcoin dominance chart as a market gauge, not as a factor that determines the next price direction. He noted that by the time dominance declines, the price of Ripple has already reached higher levels.
In response, Coin insisted that he identified the peak #الريبل in November 2024 early enough. However, he said that even though he realized the rise early enough, he did not "hold Ripple for years" mocking the Bitcoin dominance chart while Bitcoin outperformed him throughout that time.
The funny thing is you think I'm overestimating it, but I realized the Ripple/Bitcoin rise completely.
The main difference is that I didn't hold Ripple for years mocking Bitcoin's dominance while Ripple/Bitcoin was declining.
I was patient, waited for the double bottom of Ripple/Bitcoin, and then made my decision.
To clarify, since January 2018, when XRP reached its all-time high price of $3.8 and then underwent a correction, Bitcoin's performance has continued to outperform altcoins. Specifically, the #XRPBTC chart, which was trading at its peak of 0.00023 in January 2018, collapsed to a low of 0.00000674 by early November 2024. This represented a 97% decline in XRP's price against Bitcoin.
Bitcoin Outperforms XRP
Coin reveals his "winning strategy"
Coin pointed out that during this bearish trend, the XRP/BTC pair formed a double bottom. He identified this signal, confirming that XRP is on the verge of breaking out against Bitcoin. Notably, this was an ideal time to enter the XRP market, prompting Coin to take this step.
Coin used this narrative to chastise some XRP investors who remained pessimistic about Bitcoin's dominance since 2022, expecting that XRP would break into the market. However, all this time, Bitcoin's performance continued to outperform the market, while they held onto XRP, thus missing Bitcoin's gains. Coin said these investors now feel they were right thanks to the breakout that occurred in November 2024.
According to him, the ideal "winning strategy" was to enter the Bitcoin market from 2022 to 2024, while Bitcoin outperformed Ripple, then convert some Bitcoin holdings to Ripple upon spotting the double bottom on the Ripple/Bitcoin chart. This would have allowed the investor to win from both sides: from Bitcoin's rally from 2022 to 2024, and Ripple's breakout.
At the time of publication, Ripple is trading at $2.18, while Bitcoin is trading at $107,700. This raises the Ripple/Bitcoin pair to the current number of 0.00002024. It is worth mentioning that in the current situation, Ripple has dropped by 8.9% against Bitcoin this year, but it has risen by 200% since its lowest point in November 2024.