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?
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%.