As we have seen in the past, the rise in the price of Bitcoin usually results in the rise in the prices of other major cryptos like ethereum, ripple, litecoin, Bitcoin cash and so on, but the recent rise in the price of Bitcoin turns the other way for Ripple (XRP) as the latest rise in the price of Bitcoin in the last 24 hours has seen the XRP's falling like no prise rise season is on.
What could XRP be doing wrong to make its price suffer the falls while it should be rising?
It seems that the hype just cooled down. Many people brought XRP even with the high price because of the spark airdrop. That snapshot had been taken so there is no needs to hold XRP anymore when its marketcap already tripled in just a week. Maybe their upcoming events like hosting CBDC together with XRP token can recover the market a little bit.