Bitcoin Forum

I have a theory, that some coins influence BTC price negatively,
In the past i felt that once XRP goes BULL, it stops BTC BULL
and now, i see once XRP was dumped after the airdrop, BTC went bull again

i dont think its have correlation directly, But about XRP dumped after the airdrop, isnt it just an ordinary thing about airdrop?

What do you mean? XRP is doing great in the market right now. You can check coingecko or coinmarketcap that XRP has gained almost 20% today so your theory kinda doesn't make sense. Though I haven't invested in XRP since I'm all for Bitcoin and gold right now.

https://i.imgur.com/kuMbVYo.png

Can't understand that clearly on what you mean but somehow it goes from different scenario you could either be correct or not but all of that was pure speculation. This time the XRP rise from from $0.3 region to $0.7 was purely the case of the Flare airdrop but now looks like top market cap alts are getting dragged too by the BTC bull run.

I don't know how far Bitcoin would go but I'm more optimistic that maybe we could have a dip sooner or later then it's time I guess alts will let loose, just my two cents.

That theory doesn't seem to be correct mate, XRP just made some remarkable move while Bitcoin price still on the bullish move, this has be one of the most happy moment with XRP.
How and what do you mean? XRP has no power to stop Bitcoin bullish run dude, can't you see for yourself what is happening right now?.
After the XRP airdrop it price hold it value over the period and still make some impressive move as we speak right now.

XRP has not dumped but is taking some correction. And so the distribution of xrp airdrop tokens has started. Altcoin usually dumps when btc pumps directly. The future of xrp is very good.

A few days ago XRP had experienced quite a large Bulish, of course this would make perfect sense if it was dumped on a large scale, and of course investors have turned their attention to bitcoin. maybe at first glance it is true, there is a significant relationship. There is nothing wrong with having such a theory, and it is still acceptable.
But if you refer to the theory, if bitcoin continues and pushes up to $ 30,000, it will be very dangerous for XRP.

As rightly said, what kept the price of XRP higher was the airdrop and when that is done, you shouldn't expect anything other than the holders to dump. I have not seen this correlation you stated above. BTC is preparing for the year 2021. Imagine when PayPal expose their customers to BTC in the early next year, what a massive of millions that will be exposed to cryptocurrencies. The dancing just began I think

In reality, XRP is also going up following the trend of the current bull run. While writing this reply, XRP is showing an upward trend of around 23%. There is only one coin that has a correlation with bitcoin, that is USDT. When the bitcoin price goes up, people sell off USDT and rush to buy bitcoin. That's exactly what's happening right now!

You can check CMC, the USDT price is down by 0.47% even after being a stablecoin! Reverse trend happens when bitcoin price goes down as people rush to buy USDT!

i don't see any relation of those two coin well just like what you have said it's a theory but i don't see your explanation what i see was just an observation and most probably that was only a coincidence.

After the airdrop dump looks like XRP is doing well now and catching up. I think most altcoins now are gearing for altseason after the Bitcoin rally, the market is full of positivity and drops in prices are very tolerable but still have to trade with caution.

I honestly don't get what you mean, but what is clear is based on the current market charts that XRP is up and in the last 24 hours it has gone up by around 20%. So I think Bitcoin's rise has affected the price of other top altcoins as well including XRP, which had dropped by $ 0.4 and is currently $ 0.6.

Altcoins move almost in sync with BTC. If the BTC price rises, the altcoins price will also (tends to) go up.
However, XRP's price will swing wider than BTC, so when BTC goes down a little, XRP will go down more.

I quickly went to check coinmarketcap again to know if I am seeing double or not, and I am right, the price of XRP is up to over 20%  today and no much difference between yesterday's price and today. Talking about airdrop, I think it's quite understandable that people will do everything they can to make the best use of the airdrop to their own satisfaction but after that, what comes next matters; I think XRP has proved it's worth again by growing with Bitcoin. Actually, before there are altcoins which goes down as soon as Bitcoin is up, but nowadays a few are an exemption, that is, as Bitcoin is up, they are going up with it, and XRP is one of such together with Ethereum.

Many altcoins got dumped for BTC, Zcash is one of them.

I was telling you for years that XRP is a shitcoin. It's only manipulated to pump so that Ripple and their board of fat chairman can make some money and sell you some more fake promises.


Not many BTC investors also hold XRP. XRP is a crypto with no acceptance and it exists only because long time ago it was advertised as opposition to bitcoin. Some people thought that it's worth buying because if Bitcoin doesn't get adopted because it's decentralized maybe a centralized crypto will and XRP was the biggest centralized crypto.

I do not think that your analysis is correct because the price movement mostly is influenced by the overall market conditions, sentiment and volume and sometimes on the individual performance of the project itself so do not worry much about price fluctuations if you truly support the project.

Dont know on where you do get those price sentiments about XRP yet it isnt dumping but rather going in greens at the moment.Talking generally when it comes to price correlations
then its no surprise that there would be some alts that will be heavily affected when bitcoin is on the moon.It wont be anytime going along with it but rather going to the opposite
direction.We can assume that people who had invested on a particular coin will withdraw up all of their holdings and would be switching up or converting it to bitcoin.
So in that case then that can really cause up  some opposite trends between both markets. Coincidence? No, its just a typical thing where you can really see.

I don't have clear data in the past that specifies such an accusation in regards to their market demand changes. I will not say that this is a coincidence not to say that is true coz I know that XRP is a centralized coin, its price can be moved up and down no matter what is the price of Bitcoin while Bitcoin moves freely no matter what is the price of XRP either be high or low.

I stop pointing out that Bitcoin can be influenced by whales, a decentralized market won't look like that. Of XRP pump when Bitcoin dump or of having different direction will just of some cases and changes that can't be controlled.

 Your theory doesn't make sense and it is very outdated. Indirectly or directly, only BTC price can change the environment for altcoins, the altcoins have no influence power over top cryptocurrency. The correlation is a real hassle for investors to determine the price movement between the cryptocurrencies but they usually prefer to sell altcoins included XRP for buying the trending crypto which is BTC now. Considering the positive correlation, I will stay away from the pumped altcoins because a single huge drop in BTC price will be the catalisator for the dumped altcoin prices. The 10% drop in BTC will be a %50 drops for the many altcoins, just trade responsibly and never risk the amount which you can't afford to lose.

Investors are shifting to Bitcoin for a while because it continues to go up and as expected some altcoins will suffer because of this. Anyway, it always happen to XRP every time it goes up so this is not new to me and I know XRP is also volatile so don’t expect a smooth up trend on any coins/tokens, this is probably a normal scenario.

No coincidence rather it was a dump after the screenshot thing was over but now if you look xrp is back and moving so when the overall market is bullish never worry much about random dips.

Probably the dump and pump or xrp and btc in different direction might just be a coincidence or maybe investors are buying xrp to get airdrop first, then sell and buy the boss coin which is btc  :D

Thereis nothing coincidence about it. that is the money flow chart in cryptocurrency. Money flows from BTC down to eth, XRP bch before it goes down to the mid-cap altcoins. also when it reversed, it follows the same direction. from altcoins to XRP, eth then to BTC. hardly will both token move up at the same time.

Did you check the price of alt coins before the bitcoin rally, if so you will understand that some will dump the alts if there is a huge surge in price in bitcoin to ride the rally and make the profit possible by dumping all their alts and once the price of bitcoin faces a corrections they will invest back in alts and during that period we might even see a rally in the altcoin market.

Yes, it is not a coincidence. Maybe, he is not closely following what is happening with XRP.
As we observed, after the XRP snapshot for SPARK Token airdrop last Dec 12, XRP price slowly went down.
Because I think some XRP holders sold their XRP for the fear that it will really go down after the snapshot.
But since btc is very bullish and surpassing the old ATH, XRP market is drag up again.

This is most likely what happens after the airdrop. People hold their XRP until the snapshot airdrop occurred and sells, and it is pretty expected that they would sell after the airdrop. I think that it is a coincidence that BTC went up and XRP goes down. Most of the bitcoin/altcoins
 pair react the same thing when bitcoin goes up.

It seems like you are less patient waiting for the XRP price to rise again, the evidence is that the XRP price is starting to slowly
recover right now. Maybe are you saw the XRP price drop when the Spark airdrop event ended, then the XRP price fell at that time.
But now the XRP price has started to rise again following the Bitcoin price, so your concerns are not proven.

It is common for other coins, when the airdrop holder is finished, the price will go down.
The increase in the price of XRP in the last few weeks was due to the airdrop hype, and it is only natural that the price has gone down now, and this is also because of the bitcoin pump that caused the altcoin price to drop.

Now the entire cryptocurrency market is growing, including Bitcoin and XRP, of course there are times when bitcoin grows and the rest of the altcoins do not grow and there have been cases when altcoins grew in price and at the same moment bitcoin did not grow in price at all, and in general I think that XRP in 2021 will grow strongly in price.

I like XRP and I believe to this coin will rise and I think it is coincidence that this coin dump while the bitcoin pumping and I have both that coin and I want to see the same movement for the two which is pumping.

Maybe they have different movement but it doesn't mean that forever they will not same movement in the future. Yhis year is the year of the bitcoin and the year of the altcoins including the xrp will rise.

How should people dumping XRP have an impact on the Bitcoin price and cause it to ralley to 23k? That makes no sense at all. The Bitcoin price is driven by some institutional investors, like the insurance company MassMutual etc. That has nothing to do with XRP.

Very much expected, the main reason why XRP was surging big then was because of the airdrop campaign, many XRP haters even had no choice but to buy for the airdrop sake and after the airdrop event is over they won't hesitate to dump their shares for dollars

Prices are increasing across the market and there is no way to compare the number of institutions that are entering and acquiring Bitcoin by increasing prices further. The XRP has a very high volume and we must remember the amount of supply and hardly the prices match that of Bitcoin.

We are in a market never seen before.

Or we are in market where investors have mature enough not to buy the hype anymore and instead invest on prime movers such as bitcoin, ethereum or even xrp (although it has been dump after the fork).

But currently, xrp has a good bounce I would say but not comparable to bitcoin wherein it achieved high as $23,500 while xrp has a hard time getting into the $1.0 price. So it's a long way to go for xrp to even reach it's previous high.

The problem was only XRP didn't follow in terms of growth in Fiat compared to the most of top cryptocurrencies on marketcap. This is not a coincidence at all, XRP experience a temporary bull run before BTC bull run that's why most of the XRP holders especially whales are jumping out from XRP to BTC to benefit on the market hype. XRP hype was already over after the spark airdrop.

How about the situation where both currency increase like what happen last day do you have speculation for that . There is possible scenario to those investors is moving to other crypto currency even before the snapshot of XRP and sold it in highest price in favor for them to make a gain. They don't wait for snapshot because they know what will happen to XRP after that more of the holders will sell it you can even predict that before snapshot more of the people invested in xrp is because they want to recieve a free tokens and plan to sell it after.

There is no connection between the price of bitcoin and the change in the price of XRP. XRP belongs to the top coins and can move up, regardless of what happens with BTC. Although I allow for such moments when the price of BTC has reached high, then investors can sell bitcoin and buy another coin, including XRP, since their price at that time remained low in relation to bitcoin.

maybe he hopes that the price of XRP increases very high just like the price increase for BTC, even though in my opinion the price of XRP has increased very high compared to last year and maybe now is the session for BTC prices to increase very high and altcoin prices including XRP are only increasing slowly, but I am sure soon there will be a session for the price of altcoin to increase very high (bull run) and it will make the price of XRP increase very high compared to the current price.

Who understand economic theory should understand that bitcoin and other cryptocurrencies work according to the law of supply and demand. I noticed that the media works like advertising and this is probably the best way to generate demand. More media coverage helps attract new crypto investors to the industry. News about Bitcoin's upward movements in the media usually provokes an increase in the price, and falls cause investors to decline.

I have been following XRP for some months now because of some news that they are buying back XRP and some projects have used XRP as the staking medium on some of the big exchanges and it definitely holds true that the price of XRP has pumped up since but after the snapshot, it went down a little bit and now it's going back up and I think it had nothing to do with Bitcoin's bull run.

During the airdrop, Bitcoin goes down. I think, this was done to make an impression that XRP will hit the rock bottom, so everyone will dump their coin. Whales maybe took this opportunity to accumulate more of this coins. Then after the dump, Bitcoin started to pump which in turn XRP also pump. This again create a situation where altcoin holder regret to sell their coin and become overwhelmed to buy again but their coin have decreased in volume already. This only mean that someone can really control the price.

It's just because of spark airdrop snapshot taken in 12 Dec 2020 if I'm not mistaken and afterward the dumping is imminent and will always happen when the sole reason of bullrun is the airdrop itself.

It's not rocket science or anything but this dump of XRP price is already anticipated by so many people who know the cycle of airdrop events. That's why many people telling us to dump after snapshot taken.

In the last 3 months, everyone buying Bitcoin, not only regular people but also big companies and investing farms also buying lots of bitcoin. Hence Bitcoin is in the parabolic run and Nobody knows where it will end up, Altcoin is not pumping like in 2017 cuz its the institution that is investing in bitcoin not normal people.

would it be possible that XRP is used to slow down btc bull runs? i know it's too much conspiracy but would it make sense ?

Possibly some holders dump their stash of XRP ang goes bullish on Bitcoin, probably they heard some forecast or studied the chart and see that BTC is going to be bullish so they act and sell their XRP with a profit and then buy Bitcoin.  Though I believe there is no relation between the two market.  Its that some XRP whales are taking advantage of both market.

You ain't wrong.. XRP is driven by alot of whales and big investors which have relations that helped them deal with Moneygram! That's not by luck or by coincidence i think. I want to express that i dealt using XRP in the past and made a couple of transactions using their blockchain, it's a perfect blockchain but i'm not liking the people behind that project, no hard feelings even if the project is successful but my own feelings aren't good. They have alot of whales playing there and earning alot of funds, it's not me who's expressing the hate, ask each investor there and they will tell you that i am right.

yes, but not only ripple. all altcoins will experience the same thing if bitcoin is being pumped. ripple is having a slightly bigger impact because XRP has already completed its snapshot, people are sure to sell it right away to buy a more profitable altcoin. but look at today the ripple has started to return after yesterday's decline.

It should be remembered that according to the snapshot, only 15% of the Spark issue will be distributed. The remaining tokens will be distributed among those XRP holders, depending on the duration of the hold. Therefore, those who bought XRP only to participate in airdrop are now making the mistake of dumping XRP

If you could show us some analysis that your theory that it might be possible then there's really a chance that there's a correlation between between the two cryptocurrency but if there's not I really think that was just a coincidence.

That is not really the case in most of the time is it. Sure you are free to think whatever you want but the reality is that bitcoin prices are not tied to anything else, because nothing else has the same level of power bitcoin has which means it can't move bitcoin neither. Let's assume that xrp dump is causing bitcoin to pump right? What does that mean? It means that people who sold their xrp moved to bitcoin that moved bitcoin price higher.

Well that wouldn't work for two reasons, one of them would be bitcoin price increase should have a connection to dollars and this has dollars nowhere in the talks, secondly xrp dump is very very tiny compared to bitcoin increases, some millions of dollars versus increase of tens of billions of dollars can't be compared to each other. Hence I believe there is no connection from xrp to btc, there is a million reasons why btc has a connection to xrp price, but not the other way around.

The least we can do is to speculate and think about that the demand shift to bitcoin after it pumps again and was changed once XRP showing some good sign again, remember these two are the most hype right now an many was keep looking forward to gain some decent profits with it. But I don't think we can see those scenarios frequently since once the whales get used enough either with bitcoins and xrp for sure the alt season will follow.

SEC suing is no small matter, it is after all a illegal security sale
https://www.coindesk.com/sec-to-sue-ripple-over-xrp-sales-ceo-says

i dont think there's a direct connection with the dump of xrp and bull of btc
i think its rather the other way around
we all know most of altcoins are directly be affected when BTC hits bearish market.

This is so far only the SEC's statement that they plan to file a lawsuit against the company. But such statements negatively affect the price of XRP, which fell by 10%. But in any case, if the case goes to court, it will be a battle of expensive lawyers who will look for loopholes in the current legislation.

Airdrop from XRP was not as luxurious as Airdrop from Uniswap at that time, in fact I no longer heard any rumors about the XRP airdrop update. but maybe coincidence or not. and what happens now that the price of XRP is increasing quite well along with the increase in the price of BTC itself.

XRP price Currently goes down because of the issue regarding the CEO and SEC. People might have panic because of the news, we've seen 20% loss in profit for those who hold. There are still rumors that the price might still go up, and this news has short effect since XRP have faced similar issues before.

If the XRP getting dumped after airdrop is what you’re referring to, then you have to understand that it is a normal thing in this market. Have you been following up with airdrops that are being in the crypto market/environment?

Anytime there is airdrop it seems like the market is going up and once the airdrop is over the market goes down because most of the people who are there for the airdrops just wants to cash in on it and nothing more. They are not interested in getting the airdrops and holding them for a long time, they just want to get that money and quickly sell it.

unfortunately, xrp keeps on falling even if the btc is going up. i thought it will only experience a sudden drop after the airdrop-dec 12, but will go up again as btc is going up. sadly, it is not the case here. seems that it is going back to about 25 cents again. that means, those xrp holders during the airdrop dont believe the capability of this coin as part of their long term investment. maybe, they are converting their xrp to btc again. not surprising though.
on the other hand, xrp team should do something in order to gain back the interest of their holders. why not make their buyback on a regular basis?

Now here comes the news about XRP getting sued. I'm pretty sure that XRP dump this time gonna be huge because many people want to withdraw their money or exchange it to more "prospective" coins and there's this really bad news about XRP.
I will be simply amazed if XRP could atleast retain its 50% of the current values it things goes south. The airdrop which supposed to pump XRP now become catalyst speed up the dumping somehow.

Already today, we see that XRP has lost more than 70% of its value from the last local high. The massive coin dump began, preceded by news that the SEC had already filed a lawsuit against Ripple's CEO and co-founder, in connection with the illegal sale of $1.3 billion worth of securities.

Yeah, it isn't good for XRP: https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf
But EOS can "dodge" a similar lawsuit by just paying unsubstantial fines. Let's see if Ripple can just do that.
The price will rebound if it just fines. However, if Garlinghouse and Larsen go to prison, it would be horrible for XRP.

We are all aware the XRP is facing changes by SEC against Ripple Labs Inc. & two of its executives. This is really a serious news as they allege that they raised over $1.3 billion through an unregistered digital asset securities offering which is creating a huge fud and panic in the market and when such news come, it comes with many rumours like XRP might not be tradable but if this happen then it will be for US not for the world as for giving trading facility to users exchanges also have to register accordingly in US and this is always a big issue for any centralized crypto and XRP price feeling the heat.

investors who buy XRP are likely only for an airdrop because they hold XRP for too long to dump, and switch to BTC

It's already happen it's dumped %30 in just a day , there are even more negative news like this one https://seekingalpha.com/news/3647012-bitwise-unloads-all-ripple-in-fund-after-sec-suit?utm_source=coinmarketcap.com&utm_medium=referral . That can force other investors  to dump their tokens and move to other altcoins instead.

There is also news that Ripple also plan to migrate to other country even before sec suit them .

LOL, ask Liberty Reserve how it worked out for them in moving to Costa Rica (btw it did have 1 million active users and 5 million accounts)
https://www.justice.gov/opa/pr/founder-liberty-reserve-pleads-guilty-laundering-more-250-million-through-his-digital

Very improbable theory but where is the evidence? we know that XRP is correlated to bitcoin and there are tests that you can make on the data to make this inference, but you cannot make the same inference backwards, in fact you are trying to argue they are negatively correlated in a similar fashion than what we see between stable coins and bitcoin when compared on their BTC price.

Personally this is a topic that I have studied for a long time and I simply do not see it and in the few cases that this may have happened this can be attributed to a simple coincidence and nothing more.

Have you forgotten that the market is unpredictable dude? also when Bitcoin goes up most of the altcoins dump their price value
in the market as well, only few of the altcoins follows the trend of bitcoin price like Ethereum, and more this was happened a couple of years
now in this field of business.

From what I have seen, the Bitcoin prices have remained stable at $22,500-$23,500 range. Whatever happening with XRP is having very minimal impact on the Bitcoin exchange rates. And I have also noticed an increase in the USDT/USDC trade volumes recently. This means that even if there is mass dumping of XRP, the sellers are mostly doing it against stablecoins rather than selling their holdings for BTC/ETH.

That was some of the reasons behind XRP dumping but the most that's affecting the Ripple price currently is the issue they had with the SEC. This has badly affected the price of Ripple as at today, according to some news outlets, some big exchanges has started the delisting of this coin from exchnage which made it to dropped from $0.6 to $0.2 as at this moment, though within 24hrs it has regained some good percentage 12%.

btc price going up after xrp dump, can anyone deny it ?

Maybe this is a coincidence, because there are too many xrp holders, almost millions of xrp are selling on the market and,
of course this makes the price of xrp dump and maybe the holders choose bitcoin to be the next place, that's the reason maybe.

Bitcoin prices are going up, but that has nothing to do with the XRP dump. Bitcoin prices were going up even before the announcement regarding XRP came from the SEC. There may be some impact due to XRP holders converting their tokens to BTC, but the main driver is not Ripple dumping. As far as I can see, most of the XRP trade volumes are against USDT, with BTC being a distant second.

Many XRP holders panic about this issue, but you don't worry that this won't affect BTC, because BTC runs on its own without altcoin support.
However, I would prefer this issue to arise now than later when the bull market is at its peak, as it will be very painful for investors. so at least now investors can move to other coins such as BTC or ETH which have trusted liquidity.

Actually, we are seeing that bitcoin is in the green position, while XRP is still in red.
Which translates that, indeed btc is not affected by what is happening with XRP right now.
I am a user of XRP also as they offer cheap fees for transfer, and participated in spark token airdrop.
But I sold my XRP just before this lawsuit broke out, which, I guess for me is a very lucky one.
I really have no inclination of holding this for long-term because it is a centralized one, and anything can happen at anytime to this type of coin.
I believe, we will learn a thing or two from this XRP's situation. If this will fall below 20 cents in the coming days, this will be very bad to the xrp market.

now the btc and altcoin markets are moving independently.
So I don't think altcoins will or will not be too affected by BTC prices.
yes indeed in the past few months BTC has experienced a very high increase, but that does not mean that altcoins will not be able to go up, it seems just waiting for the time.
because they are moving respectively now.

Whole of market are still in the bullish trend and it looks like another exchange site will be delisting ripple from its platform. the price is getting plunged so hard again. Bitcoin is not being affected by altcoin especially for the movement of its price. Otherwise, bitcoin has a very strong impact on the altcoin.
More bad news will always come for ripple for sure. The battle with SEC is about to be started very soon.

This incident simply because of the ongoing issue with SEC and not because of bitcoin pump. Most of the time XRP also followed the trend when bitcoin start gaining support.

Downfall still continuing and by this moment it suffer a lot, without any action about SEC issue  XRP may experienced more dump to come.

It's about the trust sad to those who invest and keep their coin instead of selling it after the flare airdrop.

we all know that Ripple has as many holders as Ethereum, because they have a high market cap, just imagine if the holders choose to leave and their money puts it in bitcoin then the demand from bitcon will increase, and this is definitely not a coincidence, I am aiming at this.

This is not a coincidence, XRP is dumping based on the current lawsuit they are facing and BTC has done correction for complete 3 years, every eye is on it to move northward, and we are just getting started.

Coinbase suspending XRP trading isn't good news for holders:

https://cointelegraph.com/news/coinbase-announces-it-will-suspend-xrp-trading-as-price-drops-another-10

So, are we going to draw those conclusions with every event which happens at the same time?
No, thats not how correlation works. XRP and BTC markets are related and effect each other, but that effect is not as big as you've imagined.
Perhaps, both of them represent some sort of global economy turn and one single event effects them in two different directions.

In fact XRP has a bad fundamental, there are some case which accused by SEC to Ripple and I'm sure that is why XRP dump heavily. As you can see on the chart, a month a go XRP has been able to reach $0.8 from the bull run market but it is just for a while. Because it is need just two week for the price fall to $0.2. There is no way to compete bitcoin pricr movement in this bull run market. Almost altcoin dump when bitcoin price up and also almost altcoin dump when bitcoin dump. It is not profitable when we choose trade or investing in altcoin at the current situation.

Even the XRP price is down, some traders still make a profit from the situation. They know how to use this moment to take benefits from XRP. I guess XRP needs to clear the problem first because some exchanges already stop to trade XRP. I wonder what will happen to XRP because I think many investors of XRP still have a hope to see this coin increase in the next altcoin season. I think this fall is not predicting before, and when it's happening, many people shocked to see that.

Ripple's network leaders are in big trouble right now. The SEC filed a lawsuit against Ripple and its top executives on December 22 for over $ 1.3 billion in unregistered securities transactions and the sale of $ 800 million worth of ripple cryptocurrency without proper registration to users. This charge is very serious and should result in billions of dollars in fines. XRP's reputation has been severely shaken. Therefore, the price of this coin has dropped to $ 0.22 today. These events have nothing to do with the rise or fall in the price of bitcoin.

I agree with you. Here influenced each other, But nowadays, Both of the coins are growing up their value from their own position. For example, In the last few months ago Ripple (XRP) had consistently grown up its value and on the other hand, the BTC is in the same way increased. So, I don't think they are influencing each other negatively.

Those who find “xrp goes down, btc goes up” not a coincidence, explain why when numeroues times bitcoin was announced to be a bubble and many times it was considered dead, altcoins does not go up? Coincidence right?

Before SEC claims, Ripples daily trading volume was around 20 billions us dollars. Now it is only 10. If what in topic name is not a coincidence, then these 10 billions mush have been added to Bitcoin volume. But Bitcoins volume om reased from 400 billions to 600. Ripple has not enough strenght to influence on Bitcoins price.