In the cryptocurrency market, the chip structure has a significant impact on price trends. By comparing the chip structures of XRP (XRP) and BTC (Bit), we can observe the notable differences in their market performance.

The chip distribution of XRP shows a highly concentrated characteristic. About 30% of the chips are concentrated in the $0.32-0.62 range, while another 19% are in the $2-2.5 range. This uneven distribution leads to the instability of XRP's price. With almost no turnover at high levels, the main funds can quickly push up the price by leveraging their control advantage. However, due to the lack of continuous intervention from subsequent funds, the price often experiences a sharp decline in a short period. This "boom and bust" pattern is extremely unfavorable for retail investors, easily causing situations of being trapped at high levels.

In contrast, BTC has shown a healthier chip structure. Its characteristic is a relatively balanced chip distribution, with sufficient turnover in the high price range, and no excessive control by one party. This structure makes BTC's price trend more robust. Although the speed of increase may be relatively slow, the foundation is much more solid. During declines, due to sufficient buying support, the retracement range is usually limited. This also explains why BTC's decline is relatively small during each market adjustment.

Essentially, a healthy chip structure relies on broad market participation and sufficient trading turnover, rather than manipulation by a few entities. This is one of the important reasons why BTC can become the "anchor" of the cryptocurrency market. In contrast, the current chip structure of XRP is not friendly to ordinary investors. If XRP hopes to improve this situation, in addition to expecting the impact of external factors such as spot ETFs, it is more crucial to break the current highly centralized chip distribution pattern.

Overall, the health of the chip structure directly affects the market performance and investment risk of a cryptocurrency. Investors should fully consider this factor when making decisions in order to better grasp market opportunities and avoid potential risks.