XRP Lags Behind Bitcoin as Whales Accumulate Over 71 Million Coins

The cryptocurrency market has seen significant fluctuations in recent weeks, with Bitcoin experiencing a substantial surge to above $80,000. In contrast, the XRP/BTC pair has been in decline for 15 consecutive weeks, with XRP unable to move against the US dollar.

This divergence has led some analysts to suggest that XRP's price may be stuck in a sideways trend, while others believe that historical trends could indicate a potential rebound. ChartNerdTA pointed out that lengthy periods of underperformance have historically been followed by significant rebounds.