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Opinion: Bitcoin, the first cryptocurrency, has had more than ten years to develop. However, other altcoins did not have the freedom, which explains that Bitcoin exerts its dominance over almost all the ecosystem 's eccorders, that it' s all about. Ethereum, XRP or Cardano. The price of altcoins generally tends to increase if the price of Bitcoin increases rapidly. The same can be said of the downward trend, which is why altcoins are said to be coupled with Bitcoin.
However, the recent encryption on crypto-twitter is that XRP is about to disassociate itself from Bitcoin. A Twitter user @XRPMOONSHINE tweeted:
"MAKE A FAVOR OPEN A BTC / USD CARD AND A XRP / USD CARD. They decoupled and moved differently. "
In a very general way, comparing the price change of the XRP and the BTC gives a rough idea of whether or not prices actually decoupled. Thus, the attached daily chart shows the price of BTC and XRP against the US dollar and extends from August 2018 to April 2019. The price of XRP seems to lag behind the price of BTC and does not mean not necessarily that he decoupled.
However, there are delays in which the price of XRP has evolved unrelated to that of Bitcoin. For example, the sharp rise in XRP between 18 and 22 September was much higher than the rise in BTC prices over the same period; but XRP's decline from November 18 to December 16 was exactly the same as BTC's.
In addition, XRPMOONSHINE suggested that the price of the XRP was being manipulated. He tweeted:
"He is manipulated to prevent him from getting up. For example, look at XRP / BTC pair. Keep it under the resistance down 0.80 in September. This is what I mean by Suppressed, although I expect a rather big upward movement before 24/04/19. "
The idea of the price of the manipulated XRP is not unpopular within the XRP ecosystem, as Peter Brandt, a famous merchant, suggested in one of his tweets.
Brandt tweeted:
Dynamics at work in a massive descending triangle that moves to the top.
1. Mkt is handled
2. Support of fixed level manipulators
3. But they are forced to lower their selling price over time
4. If (when) support gives way, hopelessness will ensue$ XRPUSD pic.twitter.com/RmJaYiC8KY– Peter Brandt (@PeterLBrandt) March 21, 2019
Conclusion
XRP may have begun to decouple from Bitcoin, but it certainly has not completely decoupled. The notion that XRP is manipulated to keep its price below certain levels can not also be confirmed without proof.
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