{"id":570331,"date":"2024-01-19T14:30:01","date_gmt":"2024-01-19T14:30:01","guid":{"rendered":"https:\/\/wncen.com\/?p=570331"},"modified":"2024-06-11T14:44:40","modified_gmt":"2024-06-11T14:44:40","slug":"xrp-price-drop-vs-btc-eth-driving-forces","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/","title":{"rendered":"XRP Price Drop Vs. BTC, ETH: Legal Expert Dissects Driving Forces"},"content":{"rendered":"

The XRP price dynamics, in comparison to its more dominant counterparts, Bitcoin (BTC) and Ethereum (ETH) have been a subject of intense scrutiny and debate. Pro-XRP lawyer Bill Morgan recently shed light on this perplexing trend through a detailed discourse<\/a> on X (formerly Twitter), sparking a wide array of responses and theories from the community.<\/p>\n

Morgan, reflecting on the long-term performance of XRP, pointed out a noticeable trend: “The XRP price dynamic seems to be to move with the market meaning BTC and Ethereum but to gradually over the long term decline in value against those two assets no matter what Ripple does.”<\/p>\n

He highlighted a significant decline in XRP against BTC (84.85%) and ETH (91.58%) over the last five years. Initially attributing this trend to the lawsuit against Ripple<\/a>, Morgan noted that even subsequent legal victories and clarity for XRP in the second half of 2023 did not reverse the declining trend, leaving the community questioning the underlying causes.<\/p>\n

XRP Underperforms Significantly Vs. BTC, ETH: Why?<\/h2>\n

The discourse unfolded further in the comment section, where various users presented their hypotheses. One user branded XRP as “the most hated coin in crypto,” suggesting that a persistent negative sentiment, combined with aggressive shorting and attacks, has been detrimental to XRP’s value. Morgan concurred, acknowledging the impact of the “FUD narrative” but doubting it as the primary cause.<\/p>\n

Related Reading: XRP On Edge: Supply Hits Historical High-Risk Levels, Brace For Impact?<\/a><\/div>\n

The discussion delved into other potential factors, including \u201ctribalism\u201d in the crypto space, the lack of speculative media attention around XRP, and the influence of large holders of BTC and ETH on the XRP price. Morgan termed these collective factors as the “narrative explanation,” acknowledging their role but still not convinced of them being the central issue.<\/p>\n

\u201cI call that the narrative explanation and I do believe it contributes to XRP price performance against BTC and ETH. I don\u2019t think it is the main explanation. The FUD narrative against XRP is intense and continuous. It even included absolute nonsense about the SEC v Ripple case,\u201d Morgan stated<\/a>.<\/p>\n

A pointed criticism came regarding the developer activity on the XRPL (XRP Ledger<\/a>), with a user highlighting a lack of development as a significant concern. Morgan agreed, marking the inactivity as an issue. \u201cLack of developer activity is definitely a problem,\u201d the lawyer remarked.<\/p>\n

Related Reading: XRP Sale Controversy: Ripple Faces Heated Legal Debate Amid Market Turbulence<\/a><\/div>\n

However, he firmly dismissed the notion that the monthly release of 200 million coins by Ripple from escrow is a factor, stating, “The escrow argument is easy to dismantle.” He also countered the argument about XRP’s utility, or lack thereof, by presenting evidence of its use in 50% of Ripple’s ODL (On-Demand Liquidity<\/a>) transactions.<\/p>\n

Competition And Propaganda<\/h2>\n

The role of stablecoins like USDT<\/a> and USDC<\/a> in cross-border payments and remittances, a domain where XRP aims to excel, was also discussed. Morgan admitted that increased competition in this specific area might indicate a broader issue: the lack of development of other applications for XRP on the XRPL.<\/p>\n

Offering a broader perspective, Yassin Mobarak, founder of Dizer Capital, pointed to the “propaganda against XRP” as a significant deterrent to its value appreciation.<\/p>\n

He argued<\/a>:<\/p>\n

Honestly, given the unfortunate successful propaganda against XRP in the crypto community, we should not look to existing retail investors for XRP price appreciation. That will likely never come. XRP will only grow from demand coming from utility, institutional users & investors, and new retail entrants into the space who have not been tainted by the historical propaganda.<\/strong><\/p><\/blockquote>\n

As the conversation unfolds, it becomes evident that the factors influencing XRP’s price dynamics are multifaceted and complex. However, one thing is clear: if the supply side can be ruled out as a problem (Ripple escrow), it is the demand side which is lacking.<\/p>\n

At press time, XRP was trading at $0.54908 and has fallen 2.5% in the last 24 hours, in line with the broader market.<\/p>\n

\"XRP
XRP price drops below the 0.618 Fib, 1-day chart | Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image from Shutterstock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The XRP price dynamics, in comparison to its more dominant counterparts, Bitcoin (BTC) and Ethereum (ETH) have been a subject of intense scrutiny and debate. Pro-XRP lawyer Bill Morgan recently shed light on this perplexing trend through a detailed discourse on X (formerly Twitter), sparking a wide array of responses and theories from the community. Morgan, reflecting on the long-term performance of XRP, pointed out a noticeable trend: “The XRP price dynamic seems to be to move with the market meaning BTC and Ethereum but to gradually over the long term decline in value against those two assets no matter what Ripple does.” He highlighted a significant decline in XRP against BTC (84.85%) and ETH (91.58%) over the last five years. Initially attributing this trend to the lawsuit against Ripple, Morgan noted that even subsequent legal victories and clarity for XRP in the second half of 2023 did not reverse the declining trend, leaving the community questioning the underlying causes. XRP Underperforms Significantly Vs. BTC, ETH: Why? The discourse unfolded further in the comment section, where various users presented their hypotheses. One user branded XRP as “the most hated coin in crypto,” suggesting that a persistent negative sentiment, combined with aggressive shorting and attacks, has been detrimental to XRP’s value. Morgan concurred, acknowledging the impact of the “FUD narrative” but doubting it as the primary cause. Related Reading: XRP On Edge: Supply Hits Historical High-Risk Levels, Brace For Impact? The discussion delved into other potential factors, including \u201ctribalism\u201d in the crypto space, the lack of speculative media attention around XRP, and the influence of large holders of BTC and ETH on the XRP price. Morgan termed these collective factors as the “narrative explanation,” acknowledging their role but still not convinced of them being the central issue. \u201cI call that the narrative explanation and I do believe it contributes to XRP price performance against BTC and ETH. I don\u2019t think it is the main explanation. The FUD narrative against XRP is intense and continuous. It even included absolute nonsense about the SEC v Ripple case,\u201d Morgan stated. A pointed criticism came regarding the developer activity on the XRPL (XRP Ledger), with a user highlighting a lack of development as a significant concern. Morgan agreed, marking the inactivity as an issue. \u201cLack of developer activity is definitely a problem,\u201d the lawyer remarked. Related Reading: XRP Sale Controversy: Ripple Faces Heated Legal Debate Amid Market Turbulence However, he firmly dismissed the notion that the monthly release of 200 million coins by Ripple from escrow is a factor, stating, “The escrow argument is easy to dismantle.” He also countered the argument about XRP’s utility, or lack thereof, by presenting evidence of its use in 50% of Ripple’s ODL (On-Demand Liquidity) transactions. Competition And Propaganda The role of stablecoins like USDT and USDC in cross-border payments and remittances, a domain where XRP aims to excel, was also discussed. Morgan admitted that increased competition in this specific area might indicate a broader issue: the lack of development of other applications for XRP on the XRPL. Offering a broader perspective, Yassin Mobarak, founder of Dizer Capital, pointed to the “propaganda against XRP” as a significant deterrent to its value appreciation. He argued: Honestly, given the unfortunate successful propaganda against XRP in the crypto community, we should not look to existing retail investors for XRP price appreciation. That will likely never come. XRP will only grow from demand coming from utility, institutional users & investors, and new retail entrants into the space who have not been tainted by the historical propaganda. As the conversation unfolds, it becomes evident that the factors influencing XRP’s price dynamics are multifaceted and complex. However, one thing is clear: if the supply side can be ruled out as a problem (Ripple escrow), it is the demand side which is lacking. At press time, XRP was trading at $0.54908 and has fallen 2.5% in the last 24 hours, in line with the broader market. Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[88239,89613,4531,13172,15883,10972],"class_list":["post-570331","post","type-post","status-publish","format-standard","hentry","category-ripple","tag-bill-morgan","tag-pro-xrp-lawyer","tag-xrp","tag-xrp-price","tag-xrp-price-analysis","tag-xrpusd"],"acf":[],"yoast_head":"\nXRP Price Drop Vs. BTC, ETH: Lawyer Dissects Driving Forces<\/title>\n<meta name=\"description\" content=\"The XRP price dynamics, in comparison to its more dominant counterparts, Bitcoin (BTC) and Ethereum (ETH) have been a subject of intense scrutiny and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP Price Drop Vs. BTC, ETH: Lawyer Dissects Driving Forces\" \/>\n<meta property=\"og:description\" content=\"The XRP price dynamics, in comparison to its more dominant counterparts, Bitcoin (BTC) and Ethereum (ETH) have been a subject of intense scrutiny and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-19T14:30:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:44:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRPUSD_2024-01-19_13-21-28.png\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"XRP Price Drop Vs. BTC, ETH: Legal Expert Dissects Driving Forces\",\"datePublished\":\"2024-01-19T14:30:01+00:00\",\"dateModified\":\"2024-06-11T14:44:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/\"},\"wordCount\":696,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRPUSD_2024-01-19_13-21-28.png\",\"keywords\":[\"Bill Morgan\",\"Pro-XRP lawyer\",\"xrp\",\"XRP Price\",\"XRP Price Analysis\",\"XRPUSD\"],\"articleSection\":[\"Ripple\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/\",\"url\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/\",\"name\":\"XRP Price Drop Vs. BTC, ETH: Lawyer Dissects Driving Forces\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRPUSD_2024-01-19_13-21-28.png\",\"datePublished\":\"2024-01-19T14:30:01+00:00\",\"dateModified\":\"2024-06-11T14:44:40+00:00\",\"description\":\"The XRP price dynamics, in comparison to its more dominant counterparts, Bitcoin (BTC) and Ethereum (ETH) have been a subject of intense scrutiny and\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRPUSD_2024-01-19_13-21-28.png?fit=3628%2C1673\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRPUSD_2024-01-19_13-21-28.png?fit=3628%2C1673\",\"width\":3628,\"height\":1673,\"caption\":\"XRP price, 1-day chart | Source: XRPUSD on TradingView.com\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"XRP Price Drop Vs. BTC, ETH: Legal Expert Dissects Driving Forces\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/wncen.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"XRP Price Drop Vs. BTC, ETH: Lawyer Dissects Driving Forces","description":"The XRP price dynamics, in comparison to its more dominant counterparts, Bitcoin (BTC) and Ethereum (ETH) have been a subject of intense scrutiny and","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/","og_locale":"en_US","og_type":"article","og_title":"XRP Price Drop Vs. BTC, ETH: Lawyer Dissects Driving Forces","og_description":"The XRP price dynamics, in comparison to its more dominant counterparts, Bitcoin (BTC) and Ethereum (ETH) have been a subject of intense scrutiny and","og_url":"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-01-19T14:30:01+00:00","article_modified_time":"2024-06-11T14:44:40+00:00","og_image":[{"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRPUSD_2024-01-19_13-21-28.png"}],"author":"Jake Simmons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"XRP Price Drop Vs. BTC, ETH: Legal Expert Dissects Driving Forces","datePublished":"2024-01-19T14:30:01+00:00","dateModified":"2024-06-11T14:44:40+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/"},"wordCount":696,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRPUSD_2024-01-19_13-21-28.png","keywords":["Bill Morgan","Pro-XRP lawyer","xrp","XRP Price","XRP Price Analysis","XRPUSD"],"articleSection":["Ripple"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/","url":"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/","name":"XRP Price Drop Vs. BTC, ETH: Lawyer Dissects Driving Forces","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRPUSD_2024-01-19_13-21-28.png","datePublished":"2024-01-19T14:30:01+00:00","dateModified":"2024-06-11T14:44:40+00:00","description":"The XRP price dynamics, in comparison to its more dominant counterparts, Bitcoin (BTC) and Ethereum (ETH) have been a subject of intense scrutiny and","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRPUSD_2024-01-19_13-21-28.png?fit=3628%2C1673","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRPUSD_2024-01-19_13-21-28.png?fit=3628%2C1673","width":3628,"height":1673,"caption":"XRP price, 1-day chart | Source: XRPUSD on TradingView.com"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"XRP Price Drop Vs. BTC, ETH: Legal Expert Dissects Driving Forces"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price Drop Vs. BTC, ETH: Legal Expert Dissects Driving Forces","url":"http:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-price-drop-vs-btc-eth-driving-forces\/"},"thumbnailUrl":"","image":{"@type":"ImageObject","url":""},"articleSection":"Ripple","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bill morgan","pro-xrp lawyer","xrp","xrp price","xrp price analysis","xrpusd"],"dateCreated":"2024-01-19T14:30:01Z","datePublished":"2024-01-19T14:30:01Z","dateModified":"2024-06-11T14:44:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Drop Vs. BTC, ETH: Legal Expert Dissects Driving Forces\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-drop-vs-btc-eth-driving-forces\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-drop-vs-btc-eth-driving-forces\\\/\"},\"thumbnailUrl\":\"\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bill morgan\",\"pro-xrp lawyer\",\"xrp\",\"xrp price\",\"xrp price analysis\",\"xrpusd\"],\"dateCreated\":\"2024-01-19T14:30:01Z\",\"datePublished\":\"2024-01-19T14:30:01Z\",\"dateModified\":\"2024-06-11T14:44:40Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/570331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=570331"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/570331\/revisions"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=570331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=570331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=570331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}