Summary
- BeInCrypto reported that in the situation where the correlation between XRP and Bitcoin has weakened, the possibility of XRP price decline should be monitored.
- It was noted that in the past, when the correlation with Bitcoin weakened, XRP had a history of declining by 22%.
- As investors increasingly tend to hold XRP without trading, safety and confidence remain high.
Recently, while the leading cryptocurrency Bitcoin (BTC) is showing strength, XRP is struggling to create an upward trend.
On the 25th (local time), the cryptocurrency-specialized media BeInCrypto reported that even as Bitcoin rose recently, XRP failed to follow this upward trend, indicating a weakened correlation between XRP and Bitcoin.
This is not necessarily a positive indicator. In the past, when the correlation with Bitcoin weakened, XRP had fallen significantly by 22%.
However, investor support for XRP remains strong. BeInCrypto explained, "The total amount of XRP that has not been traded and is being held over the past 3-6 months is increasing," indicating that "the safety and confidence of XRP investors are currently at a high level."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
