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The Bullish Connection Between Bitcoin and Ripple: Signaling This Way for Years! - Coin Bulletin
XRP may become an indicator showing Bitcoin's approach to the peak of the (BTC) bull markets. In recent years, the significant increases in XRP's prices have coincided with the moments just before BTC reaches its peak.
XRP, used by Ripple to facilitate international payments, has a real use case beyond being just a fun cryptocurrency like meme coins. Interestingly, according to a CoinDesk analyst's article, the rapid rises in XRP's price seem to indicate that Bitcoin is moving towards the peak of bull markets. The XRP rallies in 2017 and 2021 occurred just before Bitcoin reached its peak.
Especially the approximately 240% increase in XRP towards the end of 2024, during the period when Bitcoin rose to the $109,000 levels and then fell below $80,000 marked this time. Such a price movement is considered a "market bubble" sign indicating XRP's approach to Bitcoin's peak.
XRP and Bitcoin: Timing Conflict
XRP's timing coincidence with Bitcoin is striking. While XRP experienced a serious rise towards the end of Bitcoin's bull market, the price of BTC usually approaches its peak. In 2017, XRP experienced an increase of over 1000% before Bitcoin reached around $20,000. Likewise, in 2021, the price of XRP skyrocketed and Bitcoin peaked once again.
These increases show that XRP can be regarded not just as a payment tool, but also as a "price indicator" with Bitcoin nearing its peak. Therefore, during times when Bitcoin is rapidly rising in a new bull market, investors should carefully watch XRP and may interpret these price increases as a sign of BTC approaching its peak.