{"id":154822,"date":"2025-04-07T22:00:11","date_gmt":"2025-04-07T19:00:11","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=154822"},"modified":"2025-04-07T18:16:37","modified_gmt":"2025-04-07T15:16:37","slug":"are-xrp-surges-a-red-flag-for-bitcoins-momentum","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/are-xrp-surges-a-red-flag-for-bitcoins-momentum\/","title":{"rendered":"Are XRP Surges a Red Flag for Bitcoin\u2019s Momentum?"},"content":{"rendered":"<p>Joe Weisenthal, known for co-hosting Bloomberg\u2019s \u201cOdd Lots\u201d podcast, recently <strong><a href=\"https:\/\/x.com\/TheStalwart\/status\/1909024772790653140?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1909024772790653140%7Ctwgr%5Ed767eb056b07fa602e4651044025d6b9f24c17f9%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fu.today%2Fbloomberg-veteran-shares-fascinating-observation-about-xrp-and-bitcoin\" target=\"_blank\" rel=\"nofollow\">pointed out<\/a><\/strong> this curious correlation, suggesting that when XRP sees significant upward movements, it might signal a temporary top for Bitcoin.<\/p>\n<p>Earlier this year, XRP experienced a dramatic surge, climbing to a record $3.40 on the Bitstamp exchange in mid-January 2024. This rally, which grabbed headlines, marked the culmination of a strong performance in the final quarter of 2024. Just days later, Bitcoin also hit a notable high, reaching $108,786 on January 20, sparking optimism throughout the crypto space.<\/p>\n<p>However, the excitement was short-lived. XRP quickly lost momentum, falling by around 47% from its peak. Analysts suggest that waning enthusiasm about the SEC\u2019s unexpectedly positive stance on cryptocurrencies, combined with reduced retail interest, played a role in the decline. Additionally, XRP\u2019s fortunes are closely tied to Bitcoin\u2019s, and when Bitcoin\u2019s momentum faded, XRP followed suit.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/ethereum-whales-trigger-panic-as-massive-liquidations-loom\/\" title=\"Ethereum Whales Trigger Panic as Massive Liquidations Loom\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ethereum-9-1-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Ethereum Whales Trigger Panic as Massive Liquidations Loom<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Bitcoin itself had shown resilience despite a severe crash in the stock market, maintaining its position above $80,000 for a while. Yet, by Sunday, selling pressure proved too strong, and the cryptocurrency dipped to approximately $76,896, according to CoinGecko data.<\/p>\n<p>Amid these fluctuations, experts disagree on the broader market outlook. Ki Young Ju, CEO of CryptoQuant, believes Bitcoin is still in a bull phase, pointing to a stable market cap alongside a rising realized cap. This indicates that significant buying activity is being neutralized by ongoing selling, keeping the price level.<\/p>\n<p>Meanwhile, Peter Schiff, a vocal critic of cryptocurrencies, continues to predict further declines. According to him, digital assets, including Bitcoin, lack real value, making their downfall inevitable.<\/p>\n<p>As the debate rages on, the market remains divided, leaving investors to ponder whether recent movements signal the start of a new trend or just temporary noise.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market observers have noticed an interesting pattern linking XRP price spikes to Bitcoin&#8217;s local peaks.<\/p>\n","protected":false},"author":3,"featured_media":30664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-154822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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