Like Doge, XRP Going Vertical is a great indicator of Market Froth, BTC Price Peaks
Crypto entrepreneurs are used to see a price ascent to non-serious cryptocurrencies such as Dogecoin (Doge) as a Signing a market froth. Now it’s like XRPPayment-focused cryptocurrency, can also be used as an indicator for Bull-Market Peaks in Bitcoin (Btc).
Unlike meme tokens such as Doge and Shiba Inu (Shib), XRP has a utility. Ripple uses it to facilitate cross-border transactions, putting it in a bucket that is different from memecoins.
Although, since 2017, the XRP has become an adverse indicator for Bitcoin Bulls, with the potential to rally – often growing several hundred percent in a short time – in the later stages of BTC Bull runs, marked the point where Bitcoin is eventually recorded.
The XRP experienced an amazing 10-fold rally from December 2017 to early 2018, which coincides with the peak of Bitcoin around $ 20,000, before entering a bear market that lasted nearly a year.
A similar near-vertical spike in the XRP took place in early 2021, marked the climax of another Bull Market in Bitcoin. And the advance of the XRP of approximately 240% in the late 2024 described the climax of the Bull Market of Bitcoin over $ 109,000, following a decline below $ 80,000.
As the saying goes: “When that happens, it is twice, and three times is a trend.”
The next time BTC runs hot, Savvy entrepreneurs may want to watch the XRP for potential signals about the end of the Bull Run.
