XRP has significantly underperformed compared to the broader cryptocurrency market, as a sudden and dramatic surge in Bitcoin's price has led to the liquidation of approximately $387 million in leveraged positions. This unexpected price movement in Bitcoin has caused many traders who had taken on high-risk bets to be forced out of their positions, further contributing to the volatility seen across various cryptocurrencies, including XRP. As a result, while Bitcoin experiences a bullish rally, XRP struggles to keep pace, reflecting the shifting dynamics in the cryptocurrency ecosystem.
source: https://www.coindesk.com/markets/2025/12/10/xrp-underperforms-market-as-sudden-bitcoin-surge-ends-up-in-usd387m-liquidations