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    Fun-loving and cheerful, a passionate blockchain and crypto writer who knows no boundary…connect if you share the same passion. With 10+ years of writing experience, I am a Crypto Journalist by chance, exploring, and learning all the dynamics of the sci-fi action-filled crypto world. Currently, focusing on cryptocurrency news and price data. With a passion for research and challenging my capabilities, I am slowly getting into the crypto arena to bring new insights every day.

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      Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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    • 2 minutes read

    Why XRP Price Is Down Today? Ripple Lawyer Bill Morgan Reveals the Truth

    Story Highlights
    • XRP’s price dip is mainly due to its strong correlation with Bitcoin, not Ripple-related news.

    • The community debate highlighted frustration that altcoins, including XRP, remain heavily tied to Bitcoin’s dominance.

    XRP’s recent dip has left many traders scratching their heads. However, according to lawyer and XRP advocate Bill Morgan, the explanation is straightforward: XRP remains in sync with Bitcoin.

    In a post on X, Morgan wrote that “the overwhelming factor behind XRP’s price movement is its strong correlation with Bitcoin’s ups and downs.” 

    He added that Ripple’s own expert evidence in its lawsuit with the U.S. Securities and Exchange Commission (SEC) supports this correlation.

    XRP Follows Bitcoin’s Lead

    Morgan dismissed the idea that positive news about Ripple or XRP had any significant impact on the price. 

    “The good news just didn’t help,” he said, stressing that Bitcoin remains the market’s guide.

    The statement triggered playful replies from the community. When one user asked if XRP could “carry Bitcoin on its back,” Morgan’s blunt answer was: “No.”

    Can XRP Break Free From Bitcoin’s Shadow?

    The discussion soon shifted to a bigger question: can XRP ever decouple from Bitcoin’s influence? Some suggested creative ideas, like tokenizing Bitcoin on the XRP Ledger. 

    Morgan didn’t entertain these theories, instead doubling down on his point that XRP’s price patterns are “well-documented” and even used in Ripple’s defense against the SEC.

    Others compared Bitcoin’s dominance to Apple’s role in the stock market, arguing it doesn’t make sense for one asset to dictate the fate of so many others.

    The Market’s Bitcoin Dependence

    The frustration is clear among altcoin investors. Even those who avoid Bitcoin find their portfolios rising and falling in line with it. 

    One user asked why the majority of investors still allocate “90% to Bitcoin and just 10% to everything else.”

    Morgan’s answer was straightforward: like it or not, Bitcoin continues to lead the market. Until that changes, XRP and most altcoins will keep “playing follow the leader.”

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    Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

    FAQs

    Can XRP’s price ever break free from Bitcoin’s influence?

    While some believe XRP can decouple, historical data and Ripple’s own expert evidence in its SEC lawsuit show a well-documented strong correlation between XRP and Bitcoin’s price patterns.

    Does positive news about Ripple impact the XRP price?

    According to lawyer Bill Morgan, positive news about Ripple or XRP does not significantly change the token’s price direction, as it continues to primarily follow Bitcoin’s lead.

    What is the correlation between XRP and Bitcoin?

    The correlation between XRP and Bitcoin is strong, meaning their prices tend to move in the same direction. When Bitcoin’s price falls, XRP and most other altcoins typically follow suit.

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