The experienced cryptocurrency analyst Benjamin Cowen has provided insights into the popular altcoin XRP, highlighting its position relative to Bitcoin 
$78,323. Despite a strong rise over the summer, XRP has entered a period of silent consolidation. Cowen emphasized that XRP remains at a comparatively low valuation against Bitcoin. Additionally, despite Ripple’s strong institutional backing and increasing use, Cowen pointed out that XRP is a riskier and more volatile investment compared to Bitcoin.
XRP/BTC Pair in Focus
Cowen drew attention to the XRP/BTC pair, noting that despite occasional increases against Bitcoin over the past year, XRP’s long-term performance has been modest. The altcoin is currently attempting to return to the 0.000028 BTC level, staying significantly below its previous peaks.
On the price chart side, the XRP/USD graph is forming a symmetric triangle pattern. This formation, which emerged after a sharp increase at the beginning of the year, sets the stage for a directional breakout. Currently, the 2.76-dollar level, where the 100-day EMA is located, stands out as support, while the altcoin’s price hovers around 3.00 dollars. Investors aim to surpass the resistance in the 3.40-3.50 dollar band. The Relative Strength Index’s (RSI) proximity to neutral levels indicates that the price is open to moving in either direction.
Why Do Investors Prefer Bitcoin Over XRP?
Fundamentally, XRP benefits from the support of the Ripple 
$1 ecosystem and a rapidly growing network of financial partnerships. However, the market still regards XRP as a speculative altcoin. Therefore, Bitcoin remains an attractive asset for investors seeking a safe haven.
Bitcoin is viewed as a store of value and a hedge against inflation, whereas XRP, due to its high volatility, is less preferred by cautious investors. According to Cowen, though XRP appears advantageous in valuation compared to Bitcoin, the risk level is considerably high. While the technical setup indicates strong short-term potential, the pivotal factor will be the direction in which the upcoming breakout occurs.
