XRP Surged Over 1,000% the Last Time Gold Made This Move—Here Are the Details
The post XRP Surged Over 1,000% the Last Time Gold Made This Move—Here Are the Details appeared on BitcoinEthereumNews.com.
The last time gold made an ongoing parabolic run, XRP price saw a massive upsurge immediately after. Can the altcoin repeat this pattern? The broader crypto market has in the past two months witnessed sideways movement, with Bitcoin (BTC) battling the bears at the lower end of the $80,000 price mark and XRP grappling to maintain its position above the $2 region. Gold Outperforms Crypto This challenging period emerged on the back of macroeconomic factors such as trade tensions between the United States and other countries. However, as the crypto market consolidated, gold, the ultimate macro hedge, has continued to see impressive gains, reaching new heights. For context, since October 2023, gold has been on a massive uptrend, overlooking prevailing macro conditions. Between October 2023 and April 2025, the precious metal surged 89% to claim a new all-time high of $3,500. Meanwhile, this year, the crypto market has underperformed. However, it appears gold could be seeing a mild pullback, having dropped 5% from its all-time high to trade at the $3,300 mark. Interestingly, this gold correction has coincided with an impressive recovery in the crypto market, as Bitcoin reclaims the $95,000 price level amid an 11% increase this week. If history is any guide, a more substantial rally could be on the horizon, with XRP potentially benefiting. Recall that Fundstrat’s Tom Lee recently projected this uptrend for crypto. A Historical Perspective Particularly, historical data suggests this pattern played out in the last market cycle, and the crypto market eventually recovered, with XRP rallying by more than 1,000% despite the SEC case. Notably, with gold already seeing mild exhaustion, the crypto market is already looking to replicate the previous run. For context, from October 2018 until the COVID-19 period, gold witnessed a similar uptrend. The precious metal spiked 72% to reach…
Filed under: News - @ April 26, 2025 6:19 pm