XRP (CRYPTO: XRP) could be better positioned than Bitcoin (CRYPTO: BTC) for a rebound thanks to growing ETF demand, according to a prominent market commentator.
XRP Could Outperform Bitcoin
In an X post on June 4, analyst Cryptoinsightuk said nearly all downside hourly liquidity in XRP has already been cleared, while upside liquidity now far exceeds remaining downside targets.
The analyst noted XRP is trading at one of its most oversold daily RSI readings on record, a level previously seen during the COVID-19 market crash, the 2022 bear market bottom and the Feb. 7 local low.
Unlike Bitcoin, XRP’s funding rates and open interest have remained largely neutral or slightly negative throughout the recent decline, suggesting speculative positioning has not become overly crowded.
