After reaching the high of $2.54 on December 30 at 1.40am GMT, Ripple then declined to a low of $1.6359 at about 3.50am GMT on December 31. (
https://www.worldcoinindex.com/coin/ripple)
At this time, Bitcoin was at $13,089. (
https://www.worldcoinindex.com/coin/bitcoin)
The ratio at that time was therefore 13,089 / 1.6359 = 8001.10
At the time of writing, Ripple has rebounded to $1.8738 and Bitcoin is at $12,791, with the ratio now declining to 6826.
In recent weeks, various larger altcoins (I'm thinking mainly of Litecoin, BitcoinCash, Ethereum) have performed strongly to 'catch up' with Bitcoin. However Ripple's move from $0.2459 on December 11 to $2.54 on December 30 has been the most spectacular.
Ripple the company has had some good news lately, as discussed in this post:
https://www.elitetrader.com/et/threads/ripple.315988/page-2#post-4573098
https://www.cnbc.com/2017/12/27/rip...k-to-some-japanese-credit-card-companies.html
On December 27, Ripple CEO Brad Garlinghouse appeared on CNBC
https://www.youtube dot com/watch?v=YmlAwQPwgYQ
and also later in the day on Bloomberg.
The long-term "value" lies in Ripple the company, rather than XRP the coin, however, in a market (especially in the short-term) where perception is reality, this "value" accrues to XRP, and market participants have bid up the coin furiously.
Given the tenfold gain in the 19 days from December 11 to December 30, XRP will likely find it difficult to break above $2.54 in the coming days/weeks. However, if the ratio of Bitcoin/XRP holds below 8000, then it's likely that Ripple can again outperform Bitcoin in 2018, and possibly even become the number 1 coin by "market capitalization" before Christmas.
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