Bill Morgan highlights that XRP's price movements are strongly correlated with Bitcoin's, with a 90-day correlation around 0.628. However, XRP tends to experience sharper and longer-lasting drops compared to Bitcoin, often falling about 1.55 times deeper during declines. Morgan also dismisses the idea that XRP's monthly escrow releases significantly impact its price, attributing price behavior mainly to Bitcoin's market trends. This insight helps investors understand XRP's volatility relative to Bitcoin and the factors influencing its price.
XRP's Binance Scarcity Index reached its highest level in over two years at 0.77, reflecting a 20% drop in XRP reserves on Binance since November 2024. This reduced supply on the exchange suggests lower selling pressure, while derivatives data indica...
XRP surged nearly 8% in a week, reclaiming the $1.13 support level after bouncing from $1.03, with trading volumes up 62%. Despite a 55% drop in ETF inflows in June, on-chain data shows whales increasing activity, suggesting confidence in a price rec...
Solana's price remained above a crucial support level despite a slight dip, supported by $5.75 million in net inflows into U.S.-listed spot Solana ETFs, contrasting with outflows from Bitcoin and Ethereum funds. Solana ranked second in global spot tr...
XRP is trading near $1.14 as markets react to unconfirmed reports that Ripple has secured full approval under the EU's MiCA regulatory framework, potentially expanding its crypto services across Europe. This development, if confirmed by official sour...
Ripple CEO Brad Garlinghouse criticized Strategy's preferred shares sliding below par as a failure of financial engineering, sparking debate about both companies' reliance on selling their own assets to fund operations. Strategy funds Bitcoin purchas...
