XRP's move into the improving quadrant from the lagging quadrant, accompanying ETH and LINK, indicates the three coins still have lower relative strength compared to BTC, but their performance is gaining momentum.
"We use RRGs [relative rotation graph] to evaluate cyclicality among the top altcoins normalized versus bitcoin. A few altcoins have less downside momentum versus bitcoin, with Chainlink joining Ether and Ripple in the Improving quadrant," analysts at Fairlead Strategies said in a note to clients Monday.
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