While Bitcoin saw one of the biggest daily gains in its history, XRP acts as if nothing happened. It’s true that the XRP/USD pair has imitated the rally of the crypto market, but it has done it at a microscopic scale.
XRP is one of the very few cryptocurrencies that have a negative yield year-to-date (YTD). Bitcoin and most of the major altcoins has seen significant gains YTD, with some of the coins doubling or tripling in USD terms. This makes many XRP traders impatient, as they want to benefit from crypto-assets that perform well in bullish market conditions.
Bitcoin fans have traditionally referred to Ripple with some skepticism, especially because the network is run by a single company.