Bitcoin Forum

As we have seen in the past, the rise in the price of Bitcoin usually results in the rise in the prices of other major cryptos like ethereum, ripple, litecoin, Bitcoin cash and so on, but the recent rise in the price of Bitcoin turns the other way for Ripple (XRP) as the latest rise in the price of Bitcoin in the last 24 hours has seen the XRP's falling like no prise rise season is on.
What could XRP be doing wrong to make its price suffer the falls while it should be rising?

Those who re saying that the bull season of this year will be different are 100$ right, when bitcoin reached 19,000$ in January 2018 Ethereum hits 1400$, every other altcoins surges from 100% to over 2000% from some low marketcap coins, this time bitcoin is so bullish at 19,000 to 20,000$ but what are altcoins doing? The gains I've seen so far doesn't exceed 30% to 100% and not for every top 100 altcoins

The XRP rising trend is over when the Spark's airdrop snapshot is over, many are selling XRP and that makes other whales panic or those who hold XRP, it's possible that XRP will continue to fall but when the trust in XRP appears and the trend dump is over, the support area should be approaching.

For the airdrop snapshot  this Dec 12  . Many people bought that coins for a reason that they want to recieve a free tokens in exchange for holding it in the time of snapshot. many newcomers just joined the hype and bought as well and what most did was to sale it after the snapshot and as a result it create panic and mass selling of XRP that affected the price until now.

The price reduction of XRP is quite understandable as it has tripled its market cap in just 1 week.  This growth is due to the airdrop of the Spark token and when it runs out of hype, and investors receive the token, it is time for them to sell off XRP.

The sell-off has only just begun and it is likely to decline further.  So be careful, when it gets too high, it can drop drastically in a short time.  Limit order Long at this point, the risk is very high.  :)

Ripple case is different because the rise was due to the coming airdrop and buyers dumped immediately the snapshot was taken and still struggling to be stable. That's why the ripple price was down when others was going up. It might take a while for xrp party to resume but for now it's ended.

Well, recently the snapshot for the free airdrop of spark is done for xrp holders so now it seems like xrp is under pressure and it can dump more anytime but im hopeful that the dump will be short lived and it will quickly recover.

this is not strange my friend
maybe a lot of people move their money from xrp to bitcoin, so, the price of xrp going down and bitcoin price going up
and i think thats a reasonable reason for me

If you have been following recent events very well, XRP had a snapshot for an airdrop I think about 4 days ago and towards the snapshot, there was an exponential rise in its price compared to Bitcoin and other alt coins. After the snapshot, obvious a correction in price was expected that why you see XRP's price is in the opposite direction as compared to other coins

Perhaps the hype has died down on XRP after the fork and the free airdrop, so investors are dumping XRP and then move to BTC that's why we have seen some spike recently, currently getting in the resistance level of $19,500.

Technically, XRP is doing nothing wrong, but this is how the market behaves, people immediately take profits and move their funds around to safety or to make more money again, in this case BTC.

What if most of the owners or people that have a lot of XRP has been dumping it all of this time when it's pumping? You should go and check the news regarding the massive sell off from the co-founder of XRP.
I guess you've missed that part.

Why people still think XRP will pump ;D

After the airdrop it is being dumped now. Just saw it on Binance and it is now down by 8 percent. After the airdrop it was supposed to happen. It also pumped before the airdrop because everyone wanted a slice of the spark airdrop. There is no correlation between XRP pumping when Bitcoin pumps.

Many people tried to join the Spark airdrop and their bought activities help XRP to rise weeks ago. After that time of blockchain snapshot, many people concentrate their Short orders on XRP. The net-short effects put the price of XRP down to 30% from its 2020 peak. The price can be fallen a little lower but it is in an accumulation range. You can begin to accumulate XRP at its today price. Please be cautious about any changing game from Bitcoin. If bitcoin crashes, altcoins will be killed and I don't think XRP can be an exception of altcoin falls.

isn't Ripple also one of the altcoins that feel the impact of the recent increase in bitcoin price?
Try to imagine from 0.2 $ up to 0.5 $. how do you think ripple is not taking part in the bull trend this time. just because the price stops rising you think it has no impact.


Don't be narrow-minded, keep in mind that currently Ripple is also experiencing selling pressure after the spark snapshot was done. so it is normal for the current ripple price to undergo a slight correction. after all, bitcoin prices haven't had any new movements this week. for the other altcoins, I think it's the same. as long as the coin has hope then sooner or later it will definitely go up.

It is no problem to have a dream about xrp will pump ;D

But I think it is not too strange a rising pattern because up and down in the crypto market will always happen. Maybe XRP gets another correction like the other coins. It will always like that. I think you don't need to feel anything, but the price now seems good to buy more XRP if you want.

I think it shouldn't be that strange to anybody. Some weeks ago when XRP was on a very bullish run most other coins were either bearish or stagnant. I believe it's still such forces that controlled its price then that is having some cash out ongoing.

@OP is trying to miss things up or just haven't been observant of the market movement of xrp and other alts, perhaps op can give instances where xrp price rise without the influence of btc, it is was a common tradition (until recently) that when btc rise in btc it will affect alts to rise as well, and like others already mentioned the thing about xrp recent price pump was as a result of the airdrop announcement otherwise xrp price movement is similar to other alts nothing special,
you don't need to panic sell your coins if you bought during the pump, just hold and wait for the next announcement  :D

XRP is a long term hold, just wait.

I'm sure you don't know about the Spark airdrop event, which happened on December 12th. Which if we hold XRP will get a Spark token,
this is the reason the XRP price continues to fall. Because XRP holders are starting to convert XRP to Bitcoin, because the event is over
and Bitcoin promises more profit when held. So there is no odd pattern that occurs at the XRP price, this is a normal thing to happen if
a coins event ends it will sell the coins it has.

It is due to the massive sale of XRP, after finishing the Spark airdrop.
Many are selling to get back bitcoin or any altacoins, and secure profits.
XRP did not do anything bad, only that it has too much money supply and that is why it is very volatile.

I don't see much abnormality in this context. When the demand for BTC increases, its price automatically goes high compared to other altcoins. People start to sell altcoins and try to buy more BTC or hold BTC for a while. After some time, when the BTC price starts to come down, hodlers will sell their BTC and try to by altcoins. That would be the time we may expect the rise in altcoin prices.

My biggest bags right now are XRP and 0xMonero. Alt season should occur any moment since we breached psychological resistance.

Well it's not always the same the market is decentralized and maybe before was just a coincidence it's true that right now the altcoin didn't change so much at all unlike before that all of the coins are raging going up. So I think it's not strange at all.

To answer your question, OP.
Not all alts follow the Bitcoin's price movement although it is quite common mindset of it already because pretty much many investors have the mindset of separating investments to other coins.
Maybe this is just a bit of something different for XRP, but you never know though what price rise awaits just around the corner.

the fall in XRP prices due to airdrop spark.  many are selling xrp out of panic.  so even though bitcoin is going up xrp will fall, and i think it will soon be altcoin season where all altcoins will go up, maybe it will happen next month.  because altcoins have been at the bottom for a long time, there will be times when altcoins fly up.

Do not worry bro these are normal market movements and sometimes speculation from traders. Now you see today xrp is back and as other top coins have moved up so has xrp so it is part of trading.

The technical weakness of the XRP cryptocurrency is the reason for its collapse.
Analysts believe that the growth of XRP can help the burning of tokens. I read that it is planned to burn 50 billion XRP. the team is ready for such a step if the decision is made by the validators. The Stellar [XLM] cryptocurrency team has already done something similar in 2019 . After that, the exchange rate increased by 16%.