CoinRoutes Co-CEO Says 90% of XRP Price Movements Are Linked to Bitcoin

CoinRoutes Co-CEO Asserts 90% of XRP Price Movements Are Driven by Bitcoin

Dave Weisberger, Co-CEO of CoinRoutes, has reignited debate within the XRP community by asserting that approximately 90% of XRP’s price movements are linked to Bitcoin. Speaking during a recent panel discussion, Weisberger described XRP as “beta to Bitcoin,” highlighting that XRP’s price often mirrors Bitcoin’s trends but with amplified volatility and momentum.

XRP’s Price Dynamics and Market Correlation

Weisberger’s analysis is rooted in market observation, noting that XRP typically follows Bitcoin’s price action—rising during Bitcoin rallies and declining, often more sharply, during Bitcoin corrections. He emphasized that while XRP possesses its own fundamental drivers, its short- to medium-term price performance is largely dictated by Bitcoin’s broader market trends. “XRP tends to follow Bitcoin’s movements, frequently in an exaggerated manner,” Weisberger explained, underscoring the dominant influence of Bitcoin on XRP’s market behavior.

This viewpoint challenges a prevailing narrative within the XRP community, which often attributes XRP’s price fluctuations primarily to legal developments, particularly Ripple’s ongoing litigation with the U.S. Securities and Exchange Commission (SEC). Weisberger dismissed this notion, suggesting that although regulatory clarity may influence XRP’s long-term prospects, Bitcoin’s price action remains the principal force shaping XRP’s near-term performance.

Market Evidence and Broader Implications

Recent market data appears to support Weisberger’s thesis. As Bitcoin surged past $110,000, XRP’s price increased by 27% within a single week, briefly reclaiming the $3 level and elevating its market capitalization above that of Tether. Despite these gains, market responses to significant XRP transfers and optimistic forecasts have been subdued, indicating that broader market sentiment—largely driven by Bitcoin—continues to overshadow developments specific to XRP.

Weisberger’s comments arrive amid ongoing challenges for XRP, including regulatory scrutiny, persistent volatility, and intensifying competition from other cryptocurrencies. While Ripple’s efforts to expand cross-border payment solutions and XRP’s growing adoption in financial systems have fueled speculation about a potential decoupling from Bitcoin, such a shift remains speculative. Competitor reactions to XRP’s recent price surge have also been tentative, offering no clear indication that XRP is poised to break free from Bitcoin’s influence.

For traders, this dynamic positions XRP as a high-risk, high-reward asset during bullish market phases, but also exposes it to sharper corrections when Bitcoin’s price falters. The so-called “beta principle” implies that XRP often lags behind Bitcoin at the onset of price movements but accelerates with greater force as momentum builds.

Weisberger maintains a pragmatic outlook on XRP’s future, asserting that its market behavior continues to reflect Bitcoin’s larger movements. His remarks have sparked widespread discussion across social media platforms, reinforcing his status as a key voice on XRP’s market dynamics.

As XRP’s price action continues to track Bitcoin’s trajectory, the long-term implications of this relationship remain uncertain. Whether XRP will eventually chart an independent course or remain tethered to Bitcoin’s influence is a question that continues to engage investors and analysts amid the current market cycle.