Although It Took Nearly 48 Hours to Catch Up with Bitcoin (BTC), XRP Entered a Powerful Rally on April 22

Although it took nearly 48 hours to catch up with Bitcoin (BTC), XRP entered a powerful rally on April 22, soaring 7.75% over the last seven days and, perhaps

In a stunning display of resilience, XRP managed to outpace Bitcoin (BTC) in terms of 24-hour gains despite the latter cryptocurrency's massive price tag. As of April 23, XRP experienced an 6.52% surge over the last 24 hours, pushing its price to $2.27 and its market capitalization to $132.57 billion.

On the other hand, Bitcoin price saw a correction of 1.24% over the 24-hour period, putting the cryptocurrency at a press time rate of $93,094 and a market capitalization of $1.80 trillion.

The token is now visibly approaching its next key resistance level, which is at $2.28. A breach of this level could open the door for XRP to reach its previous 2025 highs, which were in the $2.34 to $2.44 range.

The strong performance of XRP comes amid a broader cryptocurrency market rally, which has also seen Bitcoin price surge past the $90,000 mark and stabilize above the $93,000 level after rejecting highs over $95,000 earlier on April 23.

However, while Bitcoin and the stock market have been closely correlated in recent months, recent developments suggest that this correlation may be weakening.

As the triple phenomenon of the commodity retracing sharply after hitting $3,500, Bitcoin correcting after crossing above $95,000, and XRP's pivot after touching $2.29 unfolded, it appears that the digital asset's rally might be fizzling out.

Moreover, with President Donald Trump's rumored decision to slash tariffs on China leading the stock market to open overwhelmingly in the green, it seems that the external macroeconomic trends are shifting, potentially diverting the rally's trajectory.

Earlier in late 2024, Trump's reelection served as a bullish catalyst for the majority of assets and a bearish driver for gold as investors displayed a heightened risk appetite. However, the April 2025 move might be less pronounced due to the prevailing economic uncertainty and the administration's inherent unpredictability.