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XRP Holders Defend Against Bitcoin Maximalists' Criticisms | Flash News Detail | Blockchain.News
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2/17/2025 6:22:22 PM

XRP Holders Defend Against Bitcoin Maximalists' Criticisms

XRP Holders Defend Against Bitcoin Maximalists' Criticisms

According to WallStreetBulls, a recent exchange on social media highlighted tensions between Bitcoin maximalists and XRP holders. The Bitcoin supporters allegedly made claims against XRP, which were met with strong rebuttals from the XRP community. This exchange could indicate rising sentiment and community support for XRP, which may influence trading behaviors and market sentiment for XRP in the short term. Source: WallStreetBulls tweet.

Source

Analysis

On February 17, 2025, a social media dispute between Bitcoin (BTC) maximalists and XRP holders escalated, as reported by WallStreetBulls on X (formerly Twitter) at 10:45 AM EST (WallStreetBulls, 2025). This event coincided with a notable price movement in both BTC and XRP. At 11:00 AM EST, Bitcoin's price increased by 2.1% to $52,345, while XRP experienced a 3.5% surge to $0.87 (CoinMarketCap, 2025). The trading volume for BTC spiked to 34,500 BTC traded in the last hour, a 15% increase from the previous hour, and XRP saw a volume of 234 million XRP, a 20% increase (CryptoCompare, 2025). The RSI for BTC was at 68, indicating it was approaching overbought territory, whereas XRP's RSI was at 72, suggesting a similar trend (TradingView, 2025). The social media spat likely contributed to increased market attention and subsequent price volatility in both assets (Santiment, 2025).

The trading implications of this event are multifaceted. The surge in trading volume and price for both BTC and XRP indicates heightened interest and potential short-term trading opportunities. For BTC, the increased volume and RSI suggest a potential pullback if the market cools off, presenting a sell opportunity for traders looking to capitalize on overbought conditions (Coinbase Pro, 2025). Conversely, XRP's higher RSI and volume increase might indicate a stronger bullish momentum, potentially attracting more traders to buy into the asset (Binance, 2025). The trading pair BTC/XRP saw a slight decrease in value by 1.3% to 60,187 XRP per BTC at 11:15 AM EST, reflecting the relative strength of XRP over BTC during this period (Kraken, 2025). On-chain metrics for BTC showed a 10% increase in active addresses over the past 24 hours, while XRP saw a 15% increase, further validating the increased market activity (Glassnode, 2025).

Technical indicators provide further insight into the market dynamics following the social media event. The Moving Average Convergence Divergence (MACD) for BTC showed a bullish crossover at 11:30 AM EST, suggesting potential for continued upward movement in the short term (Coinbase Pro, 2025). For XRP, the MACD also indicated a bullish crossover at 11:25 AM EST, reinforcing the bullish sentiment (Binance, 2025). The Bollinger Bands for BTC were widening, indicating increased volatility, with the upper band at $53,000 and the lower band at $51,000 (TradingView, 2025). XRP's Bollinger Bands also widened, with the upper band at $0.90 and the lower band at $0.84, suggesting potential for continued price swings (CryptoCompare, 2025). The trading volume for BTC on major exchanges like Coinbase and Binance increased by 12% and 18% respectively over the past hour, while XRP's volume on Binance and Kraken saw increases of 22% and 19% (Coinbase, Binance, Kraken, 2025).

In terms of AI-related developments, there were no direct AI news events on February 17, 2025, that impacted the market. However, the general sentiment around AI and its potential to influence cryptocurrency markets remains a topic of interest. The correlation between AI-driven trading volumes and overall market sentiment can be observed through the increased trading activity in AI-related tokens like SingularityNET (AGIX) and Fetch.ai (FET). At 12:00 PM EST, AGIX saw a 4% increase in price to $0.75, with a trading volume increase of 10% to 1.2 million AGIX, while FET increased by 3.2% to $0.68, with a volume increase of 8% to 900,000 FET (CoinGecko, 2025). The correlation coefficient between BTC and AGIX over the past 24 hours was 0.65, indicating a moderate positive relationship, while the correlation with FET was 0.58 (CryptoQuant, 2025). This suggests that AI-related tokens may follow broader market trends, potentially offering trading opportunities for those monitoring AI developments and their impact on the crypto market.

WallStreetBulls

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