Prominent market analyst shows how XRP now acts as a on refuge against Ethereum, Dogecoin And Solana.
The crypto market has been in flux over the past six weeks. After the global crypto market cap hit an all-time high of $3.73 trillion in December 2024 and faced a correction, it has remained between $3.1 and $3.3 trillion since then , with asset prices facing corrections.
Interestingly, XRP appears to be show more resilience than the rest of the market, especially over the last week. During this period, most assets were either consolidated or I have witnessed price drops. However, XRP has performed impressively, leading market analyst Dom to call it a safe haven compared to other tokens.
XRP is now a safe haven against ETH, DOGE, SOL
In a recent analysismarket watcher shared three XRP charts against industry heavyweights Ethereum (ETH), Dogecoin (DOGE) And Solana (SOL). Notably, these assets, among the 10 largest crypto tokens, have been victims of the market-wide turmoil.
For example, Ethereum has fallen about 10.3% over the past seven days, with most of its losses, a drop of about 8%, occurring on Tuesday, January 7. However, XRP has demonstrated its strength during this period, having gained an impressive 8.7% over the past seven days.
The XRP/ETH chart shows that XRP was trading at 0.0006561 ETH on January 7. This price skyrocketed to close yesterday, January 13, at 0.0008042 ETH, suggesting that XRP outperformed Ethereum by 22.5% over the past week.
Meanwhile, amid XRP’s 8.7% gain in dollar terms over the past seven days, Dogecoin fell 10.8%. As a result, the DOGE/XRP chart shows that Dogecoin, which was trading at 0.1597 XRP on January 7, closed yesterday with a price of 0.1315. This indicates that DOGE fell by 17.6% against XRP during this period.
Additionally, over the past week, Solana collapsed 15.7%, posting the most losses for any asset on the list, as it dropped the $200 and $190 marks. During this period, the XRP/SOL ratio increased from 0.0105 to 0.0137, indicating that XRP outperformed by 30%.
XRP outperforms the market
The data also confirms that besides ETH, DOGE, and SOL, XRP also performed better than most assets on thematic 100 lists over the past week. including Bitcoin (BTC). This prompted Dom to make it a safe haven amid the bearish volatility that has enveloped the entire market.
In his disclosure, Dom confirmed that XRP had broken out of its triangle against the ETH, DOGE trio. And SOL, marking an uptrend. Notably, he revealed that XRP hit a 1,400 day high against Ethereum, a 400 day high against Dogecoin. And a peak of 1,400 days against Solana.
At press time, XRP is changing hands at $2.53, up just 0.40% this morning. Its most promising performance came over the weekend, rising almost 10% on Saturday. In the middle of this race, market veteran Peter Brandt called XRP “the leader of the pack”.
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