Bloomberg Odd Lots podcast co-host, Joe Weisenthal, has highlighted a fascinating observation about the relationship between XRP and Bitcoin’s price movements. According to Weisenthal, significant XRP price spikes often precede local peaks in Bitcoin prices. This observation is based on historical data showing a correlation between these two cryptocurrencies.
A recent example of this was observed in January 2025 when XRP hit its all-time high at $3.40, shortly after the end of a strong fourth quarter price rally for Bitcoin. The surge in XRP prices contributed to a brief increase in Bitcoin’s value, but ultimately, XRP experienced a significant correction, dropping nearly 47% from its peak.
However, the correlation between XRP and Bitcoin is not always clear-cut. The relationship between these two assets can be influenced by several factors like retail interest, market sentiment, and the SEC’s stance on cryptocurrencies. Experts are closely monitoring this dynamic as the future of both tokens remains uncertain.
Meanwhile, some experts believe that Bitcoin is already in a bear market while others predict further price drops. For example, CryptoQuant CEO Ki Young Ju argues that Bitcoin’s current market cap stagnation, despite increasing realized cap, indicates it’s not yet experiencing true bearish conditions. Financial commentator Peter Schiff maintains a negative outlook for cryptocurrencies, predicting continued declines.
Further insights into the cryptocurrency markets are available in the U.Today article: [link to original article on U.Today]