thecryptobasic.com
Amid ongoing speculation about Chainlink ($LINK) absorbing $XRP liquidity, some prominent figures in the $XRP community argue there’s little evidence to support the claim.
In a tweet today, $XRP advocate Bill Morgan shared a snapshot of the $LINK/$XRP chart and pointed out that $XRP is actually gaining ground against $LINK. This challenges the growing narrative suggesting a significant rotation from $XRP into $LINK.
Proponents of the rotation theory claim that Chainlink is now fulfilling the global role that $XRP historically promised. Notably, they argue that while $XRP has failed to deliver on its ambitions, $LINK is advancing rapidly, securing high-level partnerships—including a recent one with the U.S. government.
For instance, in February 2024, one $LINK token could buy as many as 39.8 $XRP. At that time, $XRP was trading between $0.49 and $0.51, while $LINK was over $19. Even through November 2024, $XRP remained in that price range.
However, shortly after, $XRP turned bullish and began gaining strength against $LINK. Since then, the $LINK/$XRP ratio has dropped by over 70% from its February peak.
In dollar terms, $LINK is currently trading at $23, which represents only a 21% increase from its February 2024 price of $19, when the $LINK/$XRP ratio peaked. Meanwhile, $XRP is trading at $2.81 today, representing a 462% gain from its February 2024 low of $0.4982.
Despite the broader market correction, $XRP has retained most of its gains. On a yearly basis, $LINK is up 116%, while $XRP boasts a 404% gain.
Given this stark disparity in price performance, Morgan argues there is little to no evidence of a massive rotation from $XRP into $LINK.
Chainlink’s Recent Momentum
Over the past two months, the $LINK/$XRP pair has been in a battleground, with $LINK attempting to recover against $XRP. After dipping to just 4 $XRP per $LINK in July, the ratio has since improved to around 8.2 $XRP as of today.
This short-term rebound is what some $LINK proponents, such as “@josefabregab,” are referring to as a “massive rotation” from $XRP to $LINK. However, when viewed on a longer time frame, $XRP still maintains a significant lead.
“a massive rotation from $XRP to $LINK”
Not really seeing it in the Link/$XRP pair or much other evidence for it https://t.co/1rgzO6gemR pic.twitter.com/bYQ171bo6t
— bill morgan (@Belisarius2020) September 2, 2025