Bitcoin reached a peak of $108,786 on January 20, 2025, which significantly boosted overall market optimism.

However, following a recent stock market crash, Bitcoin showed resilience but ultimately fell below $80,000, currently trading at $76,896 according to CoinGecko.

The price movements of XRP are closely correlated with Bitcoin, which typically moves in tandem with U.S. equities during risk-on market conditions.

Joe Weisenthal, co-host of Bloomberg's 'Odd Lots' podcast, noted that significant price spikes in XRP often signal local price peaks for Bitcoin.

Financial commentator Peter Schiff has warned that Bitcoin and other cryptocurrencies lack real value and predicted further declines.

In contrast, XRP has experienced a notable decline, dropping 47% since its peak, influenced by waning interest in the SEC's pro-crypto stance and decreasing retail enthusiasm.

XRP had previously reached a record high of $3.40 on January 16, 2025, after a significant rally in late 2024.

Despite the fluctuations, CryptoQuant CEO Ki Young Ju suggested that Bitcoin may already be in a bear market, as its market cap remains stagnant despite an increasing realized cap, indicating strong selling pressure.