Crypto dealers are used to seeing a price increase in non-serious crypto courses such as Dogecoin (DOGE) as a sign of market broom. Now it seems that XRP, the payments-focused cryptocurrency, can also be used as an indicator of bull-market peaks in Bitcoin (BTC).
Unlike the meme -tokens like DOGE and Shiba Inu (Shib), XRP has utility. It is used by Ripple to facilitate cross -border transactions that place it in a bucket that is different from Memecoins.
Yet, since 2017, XRP has been an opposite indicator of Bitcoin Bulls, which tends to collect – often soaring several hundred percent in a short time – in the last stages of BTC Bull races that marked the point where Bitcoin ultimately peaked.
The XRP experienced a remarkable 10 times rally from December 2017 to the beginning of 2018, coinciding with Bitcoin’s Peak of about $ 20,000 before entering a bear market that lasted almost a year.
A similar almost vertical spike in XRP occurred in early 2021, marking the top of another bull market in Bitcoin. And XRP’s increase of about 240% at the end of 2024 pre -shaded Bitcoin’s Bull Market Peak over $ 109,000, followed by a fall below $ 80,000.
As it says, “When that is the case, twice is a coincidence, and three times is a trend.”
Next time BTC is running heat, knowledgeable dealers may keep an eye on XRP for potential signals regarding the end of the bull race.
