Tuesday, 15 Apr 2025

Bloomberg veteran draws attention to XRP and BTC patterns

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8 Apr 2025 07:02
Coins 0 11
4 minutes reading



  • The strong price loss of XRP and the end of the Bitcoin bull cycle are signs of a difficult market phase.
  • Nevertheless, historical course patterns give hope for unbroken potential for price increases in XRP.

The cryptoma market located once again in heavy lakebecause both Bitcoin as well as XRP strong Price returns have. The experienced Bloomberg editor Joe Weisenthal has a pattern identifiedthat the end of a Bitcoin rally can announce: Whenever XRP experiences a significant price increase, there is a temporary top for Bitcoin.

That definitely applies nowbecause digital assets experience steep downward trends due to general market factors and international political developments.

The BitcoIN course has fallen strongly after President Trump has imposed new tariffs worldwide. Until last night, Bitcoin had slipped below $ 78,000, a minus of 10 %, and it is currently traded at $ 76,395.16, which corresponds to a loss of value of 7.84 %.

The rapid case has made it clear how much Bitcoin is exposed to the general economic changes, especially in view of its reputation as a safe value preservation. But it looks like most investors Bitcoin today consider a volatile technology asset that is sold in an economic downturn.

The CEO of Cryptoquant, Ki Young Ju, said itself also The status of Bitcoin and said that the current market cycle could be over. He explained A very important one Key figure in an on-chain analysis called “Realized Cap”, which indicates the value of capital the through real On-chain activityIn the Bitcoin network has flowed.

If Bitcoin In a wallet is movedis that a “purchase”, and If it is sent, it is a “sale”. Realized Cap, so Ju, offers a truthful picture of the capital actually invested in Bitcoin compared to Market Cap, which is on die Market evaluation supports.

Bitcoin’s Market Cap is currently not reacting positively, even if the realized cap increases, which means that the market cannot accept fresh capital. This discrepancy between the capital inflow and price development is a Bear market and Characteristic of a decline.

The courses will finally recover, but this process can take at least six months. The means that a short -term recovery rally from Bitcoin at the present time does not appear possible.

XRP crashes 16% within 24 hours

XRP fell even further. At the moment, XRP has fallen to $ 1.6775, the lowest level since November 2024, a crash of 16.38% in the last 24 hours.

The value has recovered somewhat since then and is $ 1.74, but the prospects are bad because the mood towards risk aversion goes. Worldwide economic factors have primarily caused XRP’s decline.

The development of XRP hat however a precedent. The currency has experienced historical break -ins, followed by enormous climbs.

XRP experienced as well as in the market cycles in 2017 as well as 2021considerable declines 73 % in 2017 and 78 % in 2021, only to record remarkable profits of 2,700 % or 1,000 %.

These cycles show that XRPin times Extreme price declines can have significant recovery as soon as the situation turns to the good.

Even after the recent drop in prices is from some XRP supporters A re -rise predicted. Kryptoanalyst EGRAG CRYPTO pointed out that that Market environment at the moment is similar to earlier cycles.

What: x

You rely on historical trends and claim that XRP quite At the beginning of an upward trend stand couldas long as some important Hold sliding average, including the 50 mA and 200 mA .

For those with the Performance from XRP in the past be familiarthe latest decline could be a chance to buy the dip and on to prepare a possible increase in the future.

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