Little Evidence of XRP-to-Chainlink Rotation, Data Shows
XRP advocate Bill Morgan highlighted that XRP is outperforming Chainlink (LINK), challenging claims of a massive XRP-to-Chainlink rotation. Despite LINK’s new partnerships—including one with the U.S. government—market data shows XRP remains the third-largest cryptocurrency by market cap, with over $150 billion more than LINK, which ranks 11th. The LINK/XRP ratio has plunged from 36.55 XRP per LINK last year to 8.18 today, a drop of over 70%. Since February 2024, LINK is up just 21% while XRP surged 462%. Over the past 12 months, LINK gained 116% and XRP 404%. Although LINK briefly rebounded from 4 XRP per LINK in July to 8.2, the long-term LINK/XRP ratio trend offers no proof of a substantial XRP-to-Chainlink rotation. Traders should note the persistent market cap gap and historical ratio data when evaluating trading strategies.
Neutral
The data disproves any large-scale XRP-to-Chainlink rotation, showing XRP’s market cap and price gains far outpace LINK’s. While LINK saw a short-term rebound, long-term LINK/XRP ratio trends remain strongly in XRP’s favor. This removes catalysts for a directional shift in trader allocations, suggesting balanced buy-sell pressure and a neutral market impact. Historically, unsubstantiated rotation rumors have led to muted responses, reinforcing a neutral outlook.