XRP dumped and BTC goes up, coincidence ?

[articlecity]

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

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.

[Cryptoababe]

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 

[BayAngelo]

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.

[BChydro]

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

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.

[TimeTeller]

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

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.

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.

[abel1337]

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

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.

[Shasha80]

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.

[btc-facebook]

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.

[trauchot]

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.

[Question123]

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.

[MandatoryOption]

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.

[CashbackLover]

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

[Eddyc]

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.

[Yaunfitda]

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.

[Coin_trader]

market price movements that cannot be predicted accurately, even if that is what XRP BULL means, it stops BTC BULL and vice versa. but as we can see on the market chart today XRP is still significant at $ 0.5 after BTC has fallen about 2.5% in the last 24 hours.

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.

[Rodeo02]

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

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.

[tvplus006]

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.

[kevinzxz]

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.

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.

[bitcon]

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.

[zhea]

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 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.