{"id":380481,"date":"2019-05-01T18:00:12","date_gmt":"2019-05-01T18:00:12","guid":{"rendered":"https:\/\/wncen.com\/?p=380481"},"modified":"2024-06-11T18:28:31","modified_gmt":"2024-06-11T18:28:31","slug":"ceos-delight-ripple-xrp-has-low-correlation-with-bitcoin-btc","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ceos-delight-ripple-xrp-has-low-correlation-with-bitcoin-btc\/","title":{"rendered":"CEO&#8217;s Delight, Ripple (XRP) Has Low Correlation With Bitcoin (BTC)"},"content":{"rendered":"<ul>\n<li><em>Ripple (XRP) down 6.4 percent<\/em><\/li>\n<li><em>Low correlation with Bitcoin prices means XRP is the best diversifier<\/em><\/li>\n<\/ul>\n<p><em>Brad Garlinghouse must be happy, Ripple (XRP), a Binance research report reveals, has a low correlation with Bitcoin (BTC). Because of that, it is a good diversifier for investors willing to spread out their risks. Nonetheless, Ripple (XRP) prices are down, shedding 6.4 percent in the last week.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<h3>Fundamentals<\/h3>\n<p>Based on historical cryptocurrency market performance, diversification may, after all, not be ideal for investors. That\u2019s what the last <a href=\"https:\/\/info.binance.com\/en\/research\/marketresearch\/cluster.html\" rel=\"nofollow\">Binance report<\/a> shows. Nonetheless, diversification remains a market strategy for many. For investors planning to spread out their risk in light of fluctuating asset prices, Ripple (XRP), Binance confirms, is the best diversifier.<\/p>\n<p>The conclusion is after a detailed study revealed that indeed, Ripple (XRP), despite its position as the third most liquid asset commanding a multi-billion market cap, has a low correlation with the king, Bitcoin. That\u2019s unlike Ethereum (ETH) which moves in tandem with Bitcoin (BTC) prices.<\/p>\n<p>Even so, the team also found that, thanks to increasing listing and pairing, most crypto assets do correlate highly, syncing with Bitcoin pricesn. Considering his leanings and calls for de-coupling, this is good news for Ripple Inc CEO, Brad Garlinghouse.<\/p>\n<p>Earlier last year, he was quoted acknowledging that while he holds Bitcoin (BTC), he would like to see Ripple (XRP) prices remain independent, decoupling from Bitcoin. It is this independence that perhaps, would make the coin more attractive to financial institutions seeking for stability in a currency designed as a medium of exchange facilitator.<\/p>\n<h3>Candlestick Arrangement<\/h3>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-380479\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Daily-Chart-May-1.png?resize=1280%2C1024\" alt=\"Ripple XRP\" width=\"1280\" height=\"1024\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Daily-Chart-May-1.png?w=1280 1280w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Daily-Chart-May-1.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Daily-Chart-May-1.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Daily-Chart-May-1.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Daily-Chart-May-1.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Daily-Chart-May-1.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>From price action, Ripple (XRP) is lagging and back to red. In the last day and week, the coin is down 1.1 and 6.4 percent respectively, revealing low volatility visible in the past few months.<\/p>\n<p>Presently, the currency is ranging, retesting primary support at 30 cents. All the same, and despite yesterday\u2019s bull bar, there has been no confirmation. Bulls are yet to break from bear clutches, but as long as 30 cents hold, there is a ray of hope for XRP bulls.<\/p>\n<p>Like in previous <a href=\"https:\/\/wncen.com\/2019\/04\/30\/ripple-xrp-add-4-5-percent-but-is-it-overpriced\/\" target=\"_blank\" rel=\"noopener noreferrer \">XRP\/USD trade plan<\/a>, we shall adopt a neutral to bullish stance aware that any surge above 34 cents shall trigger the first wave of buyers targeting 40 cents. On the reverse side, liquidation forcing prices to slip below our floors could indicate weakness as prices slide to 25 cents.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>In light of the above and from candlestick arrangement, Apr-24-25 bears stand out. They have high transaction volumes\u2014averaging 36 million. As such, gains above 34 cents or below 30 cents, confirming or canceling our bullish stance must be with high participation exceeding 17 million.<\/p>\n<p><strong><em>Chart courtesy of Trading View.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple (XRP) down 6.4 percent Low correlation with Bitcoin prices means XRP is the best diversifier Brad Garlinghouse must be happy, Ripple (XRP), a Binance research report reveals, has a low correlation with Bitcoin (BTC). Because of that, it is a good diversifier for investors willing to spread out their risks. Nonetheless, Ripple (XRP) prices are down, shedding 6.4 percent in the last week. Ripple Price Analysis Fundamentals Based on historical cryptocurrency market performance, diversification may, after all, not be ideal for investors. That\u2019s what the last Binance report shows. Nonetheless, diversification remains a market strategy for many. For investors planning to spread out their risk in light of fluctuating asset prices, Ripple (XRP), Binance confirms, is the best diversifier. The conclusion is after a detailed study revealed that indeed, Ripple (XRP), despite its position as the third most liquid asset commanding a multi-billion market cap, has a low correlation with the king, Bitcoin. That\u2019s unlike Ethereum (ETH) which moves in tandem with Bitcoin (BTC) prices. Even so, the team also found that, thanks to increasing listing and pairing, most crypto assets do correlate highly, syncing with Bitcoin pricesn. Considering his leanings and calls for de-coupling, this is good news for Ripple Inc CEO, Brad Garlinghouse. Earlier last year, he was quoted acknowledging that while he holds Bitcoin (BTC), he would like to see Ripple (XRP) prices remain independent, decoupling from Bitcoin. It is this independence that perhaps, would make the coin more attractive to financial institutions seeking for stability in a currency designed as a medium of exchange facilitator. Candlestick Arrangement From price action, Ripple (XRP) is lagging and back to red. In the last day and week, the coin is down 1.1 and 6.4 percent respectively, revealing low volatility visible in the past few months. Presently, the currency is ranging, retesting primary support at 30 cents. All the same, and despite yesterday\u2019s bull bar, there has been no confirmation. Bulls are yet to break from bear clutches, but as long as 30 cents hold, there is a ray of hope for XRP bulls. Like in previous XRP\/USD trade plan, we shall adopt a neutral to bullish stance aware that any surge above 34 cents shall trigger the first wave of buyers targeting 40 cents. On the reverse side, liquidation forcing prices to slip below our floors could indicate weakness as prices slide to 25 cents. Technical Indicators In light of the above and from candlestick arrangement, Apr-24-25 bears stand out. They have high transaction volumes\u2014averaging 36 million. As such, gains above 34 cents or below 30 cents, confirming or canceling our bullish stance must be with high participation exceeding 17 million. Chart courtesy of Trading View.<\/p>\n","protected":false},"author":384,"featured_media":379385,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10768,9652,3680,4531],"class_list":["post-380481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-brad-garlinghouse","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>CEO&#039;s Delight, Ripple (XRP) Has Low Correlation With Bitcoin (BTC)<\/title>\n<meta name=\"description\" content=\"Brad Garlinghouse, the CEO of Ripple must be happy. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"CEO&#8217;s Delight, Ripple (XRP) Has Low Correlation With Bitcoin (BTC)","url":"http:\/\/wncen.com\/news\/ceos-delight-ripple-xrp-has-low-correlation-with-bitcoin-btc\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ceos-delight-ripple-xrp-has-low-correlation-with-bitcoin-btc\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/shutterstock_1269853480-3.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/shutterstock_1269853480-3.jpg?fit=1000%2C535"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["binance","brad garlinghouse","ripple","xrp"],"dateCreated":"2019-05-01T18:00:12Z","datePublished":"2019-05-01T18:00:12Z","dateModified":"2024-06-11T18:28:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"CEO&#8217;s Delight, Ripple (XRP) Has Low Correlation With Bitcoin (BTC)\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ceos-delight-ripple-xrp-has-low-correlation-with-bitcoin-btc\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ceos-delight-ripple-xrp-has-low-correlation-with-bitcoin-btc\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/shutterstock_1269853480-3.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/shutterstock_1269853480-3.jpg?fit=1000%2C535\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"binance\",\"brad garlinghouse\",\"ripple\",\"xrp\"],\"dateCreated\":\"2019-05-01T18:00:12Z\",\"datePublished\":\"2019-05-01T18:00:12Z\",\"dateModified\":\"2024-06-11T18:28:31Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/shutterstock_1269853480-3.jpg?fit=1000%2C535","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/380481"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=380481"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/380481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/379385"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=380481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=380481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=380481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}