XRP vs Bitcoin: Who Will Lead the November Crypto Rally?

XRP vs BTC: Both cryptocurrencies show strong potential for November price rallies. Bitcoin has long been the leader of the cryptocurrency market. However, XRP is gaining significant attention recently. The resolution of Ripple Labs’ legal battle with the SEC has sparked optimism. This legal victory has driven a surge in XRP’s price. As a result, investor confidence in XRP is growing. The positive sentiment is fueling a fresh wave of interest. While Bitcoin remains dominant.

The price of Bitcoin is hovering above $103,000, and it remains the leading cryptocurrency. Conversely, the price of XRP has been rising steadily to above $2.40 because of the favorable legal ruling and resurgence of investor confidence.

Bitcoin vs XRP have shown significant gains in the past week, and there is a hope of future gains of the same in the coming weeks. The next question is whether Bitcoin will keep the leadership or XRP will dominate the market boom ahead.

XRP vs Bitcoin: Which Will Win November’s Rally?

XRP price surged, increasing by nearly 300% over the past year. The current price stands at $2.43, fueled by the launch of the Canary XRP Exchange-Traded Fund (ETF) on Nasdaq. 

Will Canary Capital XRP ETF Launch Trigger a Price Spike?

The inflows to the ETF have reached a milestone of $138 million, which is a key step towards XRP since institutional investors will have access through the ETF into the digital asset. This institutional buying spurt has raised market optimism, but outflows on the spot markets indicate that the early bullish momentum may be fading.

Also, the increased popularity of XRP can be seen as a number of large companies, such as Bitwise and Franklin Templeton, have applied to their respective XRP spot ETFs. The strategic partnerships that have been recently made by Ripple also give it strength.

Additionally, Ripple has collaborated with Mastercard, Gemini, and WebBank to pilot RLUSD settlements in stablecoins to provide additional functionality to the XRP Ledger and establish a foothold in the financial arena.

Institutional Interest Fuels Ongoing Growth in BTC Price

Bitcoin price has continued to shine, almost doubling in price over the past year, now standing at $103,266. Bitcoin is still a strong player in the crypto industry, even though its position has been decreasing by 10%  over the last month. An increase in institutional adoption is among the most important drivers of the sustained dominance of Bitcoin.

This continued institutional adoption strengthens Bitcoin’s position as a dominant force in the crypto market. Moreover, a potential end to the U.S. government shutdown could provide a boost to Bitcoin and other cryptocurrencies.

Global companies and major investors are also investing in Bitcoin as an element of their treasury plans, as they see this as a safeguard against inflation and economic risks in the world economy. Moreover, the accumulation of Bitcoin by whales and institutions is growing at a higher pace, which is an indicator of a long-term belief in the asset.

This is a general change in investor attitude towards Bitcoin, which is indicative of the fact that it is becoming a significant part of the global financial process. The latest Bitcoin spot ETF inflows, such as 1.15 million on November 10, are further indicators of institutional support. The Bitcoin price is eyeing a recovery trend in November amid slight market consolidation.

What’s Next For Bitcoin And XRP Price?

As Bitcoin vs XRP indicates a highly bullish direction, November may turn out to be a month of stiff rivalry between the two. Should XRP experience a further upward trend, it could surpass the level of $3, and the crypto surge.

Conversely, should Bitcoin recover, it can soar over $120,000 and remain as the leader in the market. The next few weeks should be crucial in deciding which cryptocurrency will dominate this month of the rally.