XRP Officially Decouples From Bitcoin, Top Trader Reacts
2025-01-02
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The price of XRP has wasted no time this year in showing extraordinary things on its charts. In the latest episode, the currently fourth largest cryptocurrency literally skyrocketed over 10% against Bitcoin BTCUSD. After XRP saw 320% growth against the leading cryptocurrency in November, the last three weeks have been more of a bump.
However, as we can now see, this was a correction rather than a reversal of the trend to the downside. Whether this is the beginning of a second round rally for XRP versus BTC remains to be seen.
The XRP versus Bitcoin price action attracted the interest of "DonAlt," a popular trader widely known in the crypto space. The seasoned trader was laconic yet eloquent in his comment on today's XRP decoupling from Bitcoin, simply proclaiming it a "good chart."
Gud chart pic.twitter.com/eZReg5ERO4
DonAlt was one of the few traders who saw potential in XRP's rally in November, even though the price of the token had already skyrocketed 200%, which is considered too much for such a large asset.
In the end, XRP's total return during this local bull run was over 400%, with the price of the token going from $0.5 to $2.9 in one month.
Currently, XRP is trading at 0.000025 BTC, which is the highest it has been in a year and a half. The all-time high for this pair is still 1,000% higher at 0.00025 BTC, which doesn't seem like much considering the exceptional performance the cryptocurrency has put in over the past few months.