Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
WCTC S8
Rewards

XRP-Bitcoin Correlation at 0.628; XRP Falls 1.55x Harder Than BTC, Says Bill Morgan

GateNews
XRP newsbitcoin newsMarket Analysis
BTC-1.35%

According to pro-XRP lawyer Bill Morgan, XRP and Bitcoin show a 90-day correlation of 0.628, indicating strong directional correlation despite different percentage movements. Morgan clarified that correlation does not mean XRP replicates Bitcoin’s exact percentage moves, but rather follows its directional trend. The correlation coefficient has remained between 0.5 and 0.8 from 2020 to 2024 across market cycles.

Morgan also highlighted XRP’s higher volatility, noting that when Bitcoin declines 10%, XRP often drops approximately 1.55 times deeper. Recent examples include late 2025, when Bitcoin fell from $126,000 to $80,000 (37% decline) while XRP dropped from $3.40 to $1.80 (46% decline). Morgan rejected claims that monthly escrow releases significantly impact XRP price, arguing that Bitcoin’s overall market movement plays a much larger role in driving XRP price behavior.

View Source
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related News

05-01 07:05
Bitcoin Short-Term Holders' Holdings Rise to 3.68M BTC on May 1, Up 300K from Recent Low
05-01 07:00
Abraxas Capital Holds $10.5M Long BTC and $8.8M Short HYPE on Hyperliquid
04-30 12:01
Bitcoin Faces Resistance Near $80K as Derivatives Data Shows $500M Liquidations in 24 Hours
04-30 07:24
Bitcoin Futures Short Squeeze Hits Record, Open Interest Falls 8,000-9,000 BTC in 10 Days
04-30 00:33
Bitcoin Liquidation Cascade: $1.894B Short Liquidations If BTC Breaks $79,561
In-Depth Analysis

XRP Price Compresses Near $1.45 as Inflows Rise and Signals Diverge

Crypto News Land04-30 17:40

BTC Confirms Bearish Divergence Signaling Rough Times for Bitcoin and Altcoin Prices

Crypto News Land04-30 13:36

XRP Analysts and Traders Reminisce Over Bullish 2017-2018 Moves, What Is a Realistic Expectation for 2026?

Crypto News Land04-30 11:36
Comment
0/400
No comments