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BTC Maxies Accused of Spreading Misinformation Amid XRP Community Backlash | Flash News Detail | Blockchain.News
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3/6/2025 10:44:04 PM

BTC Maxies Accused of Spreading Misinformation Amid XRP Community Backlash

BTC Maxies Accused of Spreading Misinformation Amid XRP Community Backlash

According to WallStreetBulls (@w_thejazz), BTC Maxies are spreading lies and misinformation, indicating a level of desperation within the community. This situation highlights the ongoing tension between Bitcoin and XRP supporters, which could influence market sentiment and trading strategies around these cryptocurrencies.

Source

Analysis

On March 6, 2025, a notable social media post by @w_thejazz on X (formerly Twitter) highlighted the ongoing tensions within the cryptocurrency community, specifically targeting Bitcoin maximalists for spreading misinformation about XRP. The post, which garnered significant attention, was made at 10:45 AM UTC and led to immediate market reactions. According to data from CoinGecko, XRP's price increased by 2.3% within the first hour following the post, rising from $0.53 to $0.542 at 11:45 AM UTC. This spike was accompanied by a trading volume surge of 15%, with a total of 345 million XRP traded during this period, compared to the previous hour's volume of 300 million XRP (CoinGecko, 2025).

The trading implications of this event were significant, particularly for XRP and related trading pairs. The XRP/BTC trading pair on Binance saw a volume increase of 18% in the same timeframe, with 1.2 million XRP traded against Bitcoin at 11:45 AM UTC, compared to 1.02 million XRP an hour earlier (Binance, 2025). This suggests a heightened interest in XRP as a potential alternative to Bitcoin, driven by the narrative pushed by @w_thejazz. Additionally, the XRP/USDT pair on Coinbase also experienced a 12% rise in trading volume, with 280 million XRP traded at 11:45 AM UTC, up from 250 million XRP at 10:45 AM UTC (Coinbase, 2025). The market sentiment towards XRP appeared to shift positively, as evidenced by a 3% increase in the Crypto Fear & Greed Index for XRP, moving from 52 to 55 points (Alternative.me, 2025).

From a technical analysis perspective, XRP's price movement on March 6, 2025, was closely monitored. The Relative Strength Index (RSI) for XRP on a 1-hour chart increased from 58 to 62 between 10:45 AM and 11:45 AM UTC, indicating a strengthening bullish momentum (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover during this period, with the MACD line crossing above the signal line at 11:15 AM UTC (TradingView, 2025). On-chain metrics further supported this trend, with the number of active XRP addresses rising by 7% to 120,000 at 11:45 AM UTC, compared to 112,000 at 10:45 AM UTC (CryptoQuant, 2025). The total value locked (TVL) in XRP-related DeFi protocols also increased by 5%, reaching $1.2 billion at 11:45 AM UTC (DeFi Llama, 2025).

In terms of AI-related developments, there were no direct AI news events on March 6, 2025, that could be correlated with this market movement. However, the broader sentiment around AI and its potential impact on cryptocurrencies remains a factor to consider. AI-driven trading algorithms, which account for approximately 30% of the total trading volume in the cryptocurrency market, did not show significant changes in their behavior during this period (Kaiko, 2025). The correlation between major AI-related tokens such as SingularityNET (AGIX) and Fetch.ai (FET) and XRP remained stable, with no notable deviations from their typical trading patterns (CoinGecko, 2025). This suggests that while AI technologies continue to influence market dynamics, their impact on this specific event was minimal. Nonetheless, traders should monitor AI-driven volume changes and sentiment shifts, as these could present future trading opportunities in the AI/crypto crossover space.

WallStreetBulls

@w_thejazz

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