Bitcoin is taking a big hit right now. Over the past day, more than $238 million in BTC liquidations happened, pushing the total market cap below the 7-day moving average of $2.8 trillion. This forced selling made things worse and caused the drop to accelerate.
The result? Leverage has been cleared out, but Bitcoin is still in a weak position. The key level to watch is between $75.7K and $76K. If Bitcoin can hold this range, it could stabilize. If not, more drops are possible.
But even with Bitcoin’s struggles, XRP is worth paying attention to.
Vincent van Code’s Thoughts on XRP
Vincent van Code, a software engineer and active member of the XRP community, shared his perspective. He believes XRP could be set for a major move, especially now that Bitcoin is facing tough times.
Van Code argues that Bitcoin’s price relies too much on speculation and short-term market trends. XRP, on the other hand, is tied to real-world uses like payments and cross-border transactions. Van Code says this makes XRP a better bet when compared to Bitcoin, which relies more on hype and less on actual use.
He’s not suggesting XRP will shoot up immediately, but he sees it as well-positioned to gain strength as more people focus on utility over speculation
As Bitcoin’s price drops, investors are likely to shift focus toward tokens with practical use cases. That’s where XRP comes in. It used in the real world for financial transactions and global payments.
Bitcoin may still hold value, but it’s tied to market sentiment, and that’s been shaky lately. XRP, however, stands out because its value is driven by its actual use and real-world adoption.
With Bitcoin facing pressure and no clear rebound in sight, it could be time for XRP and similar utility tokens to take center stage.
Read also: Here’s How High Ripple’s XRP Price Can Go This Week
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