Financial Markets Witness Interesting Divergence
XRP is one of the leading crypto assets, showing significant gains today, while tech giant NVIDIA (NVDA) has declined by 7.82%.
This contrasting movement has sparked discussions on whether crypto assets and traditional stocks are decoupling. Former Goldman Sachs analyst Dom Kwok highlighted this trend in a tweet, referring to XRP and NVDA as the two biggest “bells” in their respective markets.
His observations suggest that while the broader stock market, particularly tech-related stocks, faces downward pressure, crypto assets like XRP have demonstrated resilience and upward momentum following the recent bloodbath.
Two largest cryptocurrencies vs. stock decoupling. $xrpvs $nvda pic.twitter.com/qxwKVjgF3k – DOM (BULL/SH) | easya (@dom_ququque) April 3, 2025
Notably, XRP’s recent price movements occurred after a bearish storm yesterday, where the price dropped below 2 to $1.96. However, at the time of writing, XRP’s rebound rate has increased by 6.12%, approaching $2.10. Similarly, Bitcoin, which fell to $81,000, has recovered to $83K at the time of writing.
This Thursday’s cryptocurrency market crash followed the recent tariff implementation by the U.S. government, which has propelled the U.S. stock market.
It is worth noting that Apple (AAPL) dropped by 9.25% on Thursday, closing at $203.19. Both Amazon and Meta Platforms also experienced significant declines, with stocks falling by 8.89%, while NVIDIA’s stock declined by 7.8%, closing at $101.80.
U.S. company stocks
Although the crypto market initially reflected this performance, recovery is underway, with XRP leading the charge.
Why is XRP Rising?
The turnover in XRP may be attributed to large-scale “buying” activity from investors looking to capitalize on XRP’s low price. Additionally, the optimism surrounding Coinbase’s recent announcement may be contributing to this rebound.
Yesterday, Coinbase announced its plan to list XRP futures contracts on April 21, 2025, following approval submission to the U.S. CFTC. This move comes on the heels of favorable legal developments for XRP, particularly after the SEC decided to place its appeal on hold in the Ripple case.
Following BitNomial’s recent launch, Coinbase will become the second U.S.-regulated platform to offer XRP futures. This decision reflects a more positive regulatory environment, partly due to the new SEC leadership.
Coinbase XRP futures will be available on Coinbase Derivatives, providing traders with a regulated and capital-efficient way to gain exposure to XRP. This is ahead of the launch of permanent futures for XRP for non-U.S. customers in 2023.
