Regarding X, Ripple Honorary CTO David Schwartz said: $XRP Prices related to the broader cryptocurrency market.
User X asked what the following prices would be: $XRP It was making him feel depressed. Schwartz admitted he was “a little bit” depressed about it, but clarified that it wasn’t the only thing he felt. $XRP One person: “The whole crypto market gets sad sometimes. Does anyone know why?”
a bit. The whole crypto market gets sad sometimes. Does anyone know why?
— David ‘JoelKatz’ Schwartz (@JoelKatz) March 5, 2026
Former CTO of Ripple, $XRP Ledger frequently interacts with the cryptocurrency community on social media. His reaction on X therefore appears to reflect broader market sentiment. $XRP in particular.
The cryptocurrency market has been in decline since October, when nearly $20 billion in leveraged bets were liquidated.
Including altcoins $XRPhas been struggling within the cryptocurrency market, and has struggled even more since the October 10th event. According to CryptoQuant, the altcoin’s 38% is near an all-time low, with the recent decline being deeper than the period since FTX.
Currently, market liquidity remains thin and cautious sentiment prevails. The former Ripple CTO’s reaction may not be far off, as even long-time participants can be disappointed with the overall market behavior during dull bear market phases.
$XRP Golden cross appears every hour
With a positive development, $XRP Price movement, golden cross appeared $XRP Price chart for the first time in several weeks.
The hourly MA 50 has broken above the MA 200, creating a “golden cross”. This signal was last seen on $XRP The hourly chart was in late February, but it was quickly overturned by a death cross.
At the time of writing, $XRP Shares fell 2.73% to $1.44 in the past 24 hours as the broader market extended its recovery from Wednesday.
U.S. and European futures were slightly lower on Thursday morning, making the economic recovery look tentative, but economic data eased market fears of inflation.
On the economic data front, investors await Thursday’s weekly jobless claims numbers and focus on Friday’s release of February nonfarm payrolls.
