BTC <> XRP <> ETH

Why has the price of XRP tracked BTC’s?

Ripple has to be one of the most fascinating stories in crypto. Regulators have been chasing them for nearly two years and the latest rumors have the feds throwing in the towel. Officially, it looks like both sides have requested that the case not go to trial. Let the court rule in summary judgment in the $1.3 billion lawsuit.

I don’t know what to make of the case and can’t give anything close to a knowledgeable assessment, but I have a feeling that after all this time, and after most of the crypto community has distanced itself from $XRP, what’s good for Ripple/XRP is good for the crypto community. This fight has been about “is it a security/is it not a security” and who has jurisdiction over XRP and crypto in general.

Back when this all began, XRP was pretty much #2 in crypto. Behind Bitcoin but ahead of Ethereum. Interestingly, during the almost 2 years of legal tapdancing, XRP has kept pace with BTC while ETH has run away from them both. I’m not going to draw any conclusions from that, but it’s somewhat startling that the grandaddy of all crypto, bitcoin, has done little more than keep pace with a token that has been under heavy pressure from regulators over the past two years. I have no idea if this pressure is lifting and what happens if it does, but it’s all a bit thought-provoking.

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