XRP Price Remains Super ‘Sensitive’ to ‘Even Minor BTC Moves,’ Says Fox Business Expert

Charles Gasparino questions XRP’s 15% monthly decline versus Bitcoin’s 1% dip. Traders point to its “degree of the drop” as proof of how sharply the coin still reacts to broader market swings.

Fox Business senior correspondent Charles Gasparino has questioned why XRP’s (XRP-USD) 15% monthly decline has outpaced Bitcoin’s modest 1% dip. The move has drawn renewed attention to the altcoin’s tight correlation with the broader crypto market leader.

XRP’s Drop Outpaced the Market

The comparison struck a chord with traders who noted that XRP tends to mirror Bitcoin’s direction, but often with sharper swings.

“The broader market pullback led by Bitcoin clearly dragged XRP lower,” said one trader on X. “But the degree of the drop shows how sensitive XRP remains to even minor BTC moves.”

In early October, both cryptocurrencies rallied, with Bitcoin breaking above $126,000 and XRP nearing $3. The upswing, however, quickly unraveled as traders locked in profits, triggering widespread sell-offs across altcoins. For XRP, the fallout was pronounced. Over $8.13 million in leveraged positions were liquidated within four hours during one particularly volatile session.

ETF Delays Add to the Pressure

Delays in approving a spot XRP exchange-traded fund (ETF) have further dampened sentiment. While Bitcoin and Ethereum ETFs continue to attract heavy inflows, XRP has yet to secure the same regulatory green light. Analysts say that absence has kept institutional appetite in check.

XRP’s daily trading volume dropped nearly 20% to $3.35 billion, even as the price edged up 1.28% to $2.40 over the last 24 hours.

Signs of Strength Beneath the Surface

Despite the price weakness, data suggests growing interest in XRP’s infrastructure. The CME Group recently reported that over 567,000 XRP and Micro XRP futures contracts have been traded in the past five months, signaling increased activity among institutional investors.

Meanwhile, the XRP Ledger is on track to reach 100 million transactions, which a milestone that reflects steady network use and adoption despite the market’s turbulence.

To Conclude

Overall, technical analysts say XRP’s key challenge remains reclaiming the $2.50 support level, which is a zone it lost amid Bitcoin’s recent volatility. Regaining it could mark the start of a rebound toward $3.

Gasparino’s question highlights a broader frustration in the market, which is that XRP’s fortunes remain closely tethered to Bitcoin’s moves.

At the time of writing, XRP is sitting at $2.4568.