Ripple vs. Gold: Is the Tide Finally Turning in XRP’s Favor?

Here's why this analyst focused on XRP's performance against the precious metal instead of BTC or USD. The recent recovery staged by Ripple’s cross-border token has brought several long-term technical setups back into focus, but one of the more unusual comparisons does not involve BTC, another cryptocurrency, or even the greenback. Instead, EGRAG CRYPTO has focused on XRP’s performance against gold, arguing that the pair could be approaching a stage where the former begins gaining ground relative to the precious metal. Can XRP Beat Gold? Notably, the idea is not that XRP is backed by gold or directly linked to it, but that their relative performance may be reaching an important point on the analyst’s long-term chart. The analyst has previously used the XRP/gold comparison to identify periods in which the token dramatically accelerated against the bullion. His latest chart points again to the possibility that the cryptocurrency could eventually begin appreciating faster than gold if the historical structure repeats. Such a development would represent a substantial shift in relative performance, as gold has enjoyed a strong period with investors seeking protection from fiscal concern...