Source: CryptoNewsNet
Original Title: XRP Will Decouple from Bitcoin This Year: Canary Capital CEO
Original Link:
McClurg’s Bitcoin Outlook
Canary Capital CEO Steven McClurg recently shared his market perspective on a podcast, expressing a bearish stance on Bitcoin while highlighting a different trajectory for assets with real-world utility, particularly the XRP Ledger.
McClurg believes Bitcoin has already peaked at $126,200 on October 6, 2025. Since then, BTC has declined approximately 36%, and he expects further downside of 20-30% over the next six to nine months, potentially reaching prices between $65,000 and $77,000 before year-end. He does not anticipate Bitcoin posting a new all-time high in 2026.
Divergence in Crypto Markets
While acknowledging that most cryptocurrencies typically move in line with Bitcoin, McClurg stressed that this cycle may be different for select assets. He observed that a divergence is already forming, with 2026’s dominant theme shifting from pure speculation toward building real-world applications, particularly around tokenization of real-world assets and stablecoins.
McClurg highlighted the XRP Ledger as one of the protocols best positioned to benefit from this shift. He also mentioned Hedera as another network that could follow a similar path, driven by enterprise-focused use cases rather than market hype. He expects low double-digit price growth for a small group of cryptocurrencies that decouple from Bitcoin’s influence, while Bitcoin could decline by another 30%.
Historical Perspective
However, this view diverges from historical patterns. Altcoins have historically declined more sharply than Bitcoin during corrections. Between October and November 2025, while Bitcoin dipped 36% from its $126,000 peak to $80,000, XRP experienced a sharper 58% decline during the same period.
Conversely, when Bitcoin remains relatively stable, altcoins like XRP tend to benefit significantly with stronger gains. A 30% Bitcoin decline could theoretically translate into a 60% crash in XRP’s price.
It’s worth noting that many industry observers remain bullish on Bitcoin in 2026. Standard Chartered projects Bitcoin could reach $150,000 this year, with Ethereum reaching $7,500 and XRP potentially climbing to $8. Bernstein and Citi share similar bullish outlooks for Bitcoin and Ethereum.
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XRP Will Decouple from Bitcoin This Year: Canary Capital CEO
Source: CryptoNewsNet Original Title: XRP Will Decouple from Bitcoin This Year: Canary Capital CEO Original Link:
McClurg’s Bitcoin Outlook
Canary Capital CEO Steven McClurg recently shared his market perspective on a podcast, expressing a bearish stance on Bitcoin while highlighting a different trajectory for assets with real-world utility, particularly the XRP Ledger.
McClurg believes Bitcoin has already peaked at $126,200 on October 6, 2025. Since then, BTC has declined approximately 36%, and he expects further downside of 20-30% over the next six to nine months, potentially reaching prices between $65,000 and $77,000 before year-end. He does not anticipate Bitcoin posting a new all-time high in 2026.
Divergence in Crypto Markets
While acknowledging that most cryptocurrencies typically move in line with Bitcoin, McClurg stressed that this cycle may be different for select assets. He observed that a divergence is already forming, with 2026’s dominant theme shifting from pure speculation toward building real-world applications, particularly around tokenization of real-world assets and stablecoins.
McClurg highlighted the XRP Ledger as one of the protocols best positioned to benefit from this shift. He also mentioned Hedera as another network that could follow a similar path, driven by enterprise-focused use cases rather than market hype. He expects low double-digit price growth for a small group of cryptocurrencies that decouple from Bitcoin’s influence, while Bitcoin could decline by another 30%.
Historical Perspective
However, this view diverges from historical patterns. Altcoins have historically declined more sharply than Bitcoin during corrections. Between October and November 2025, while Bitcoin dipped 36% from its $126,000 peak to $80,000, XRP experienced a sharper 58% decline during the same period.
Conversely, when Bitcoin remains relatively stable, altcoins like XRP tend to benefit significantly with stronger gains. A 30% Bitcoin decline could theoretically translate into a 60% crash in XRP’s price.
It’s worth noting that many industry observers remain bullish on Bitcoin in 2026. Standard Chartered projects Bitcoin could reach $150,000 this year, with Ethereum reaching $7,500 and XRP potentially climbing to $8. Bernstein and Citi share similar bullish outlooks for Bitcoin and Ethereum.