XRP Now Acts as a Safe Haven Against ETH, DOGE, SOL

The crypto market has been in a state of flux over the past six weeks. After the global crypto market cap hit an all-time peak of $3.73 trillion in December 2024

A prominent market analyst has highlighted XRP’s recent emergence as a safe haven against several top crypto assets, including Ethereum, Dogecoin and Solana, amid a period of market turbulence and asset price corrections.

According to the analysis, XRP has shown resilience and strength compared to other assets, especially over the past week, while most others have either consolidated or experienced price drops.

The analysis, conducted by market watcher Dom, showcases three XRP charts against ETH, DOGE and SOL, respectively, to illustrate XRP’s outperformance.

Notably, these assets, being among the top 10 largest crypto tokens, have been subject to the market-wide turbulence and experienced varying degrees of losses.

For instance, Ethereum has dropped by about 10.3% over the last seven days, with most of its losses, around 8%, coming up on Tuesday, Jan. 7.

However, XRP has demonstrated strength within this period, having gained by an impressive 8.7% with the past seven days.

The XRP/ETH chart shows that XRP traded for 0.0006561 ETH as of Jan. 7. This price shot up to close yesterday, Jan. 13, at 0.0008042 ETH, suggesting that XRP has outperformed Ethereum by a massive 22.5% in the last week.

Meanwhile, amid XRP’s 8.7% gain in dollar terms over the past seven days, Dogecoin has slumped by 10.8%.

As a result, the DOGE/XRP chart shows that Dogecoin, which traded at 0.1597 XRP on Jan. 7, closed yesterday with a price of 0.1315. This indicates that DOGE dropped 17.6% against XRP within this period.

Further, over the past week, Solana collapsed 15.7%, posting the most losses for any asset on the list, as it relinquished the $200 and $190 Marks.

Within this period, the XRP/SOL ratio went from 0.0105 to 0.0137, indicating that XRP outperformed by 30%.

Data also confirms that besides ETH, DOGE and SOL, XRP has also performed better than most assets on the top 100 lists in the past week, including Bitcoin (BTC).

This prompted Dom to brand it a safe haven amid the bearish volatility that has enveloped the broader market.

In his disclosure, Dom confirmed that XRP had broken out of its triangle against the trio of ETH, DOGE and SOL, marking bullishness.

Notably, he revealed that XRP had hit a 1,400-day high against Ethereum, a 400-day top against Dogecoin and a 1,400-day peak against Solana.

At press time, XRP changes hands at $2.53, up only 0.40% this morning. Its most promising performance came up over the weekend, as it surged nearly 10% on Saturday.

Amid this run, market veteran Peter Brandt called XRP “the leader of the pack.”