Pro-Crypto Lawyer Highlights 96% Bitcoin and XRP Price Correlation

TL;DR

Pro-crypto lawyer Bill Morgan has revealed a 96% correlation between Bitcoin and XRP prices, challenging the notion of XRP decoupling from Bitcoin. His research indicates that both cryptocurrencies have been moving similarly in recent market activity.

Key points

Bill Morgan highlights 96% correlation between Bitcoin and XRP
Research challenges XRP decoupling from Bitcoin
Correlation has strengthened in recent weeks

Mentioned in this story

Bill Morgan

Pro-crypto lawyer Bill Morgan has re-ignited discussions on the longstanding debate about XRP decoupling from Bitcoin, invalidating the idea with his new research.

The crypto veteran has just highlighted a short-term correlation between Bitcoin and XRP price movements, suggesting that the two cryptocurrencies have been moving in similar steps in recent market activity.

Bitcoin and XRP price correlation discussed

In his statement, Morgan claimed that the correlations between Bitcoin and XRP price movements are growing stronger in recent weeks, backed by the results of a quick data check from an AI tool he used on the matter.

According to Morgan, the data checker showcased a very strong correlation between the two major cryptocurrencies over both weekly and monthly periods.

Notably, the tool estimated a 96% correlation between Bitcoin and XRP over the last week. The data was derived based on the last seven-day crypto trading period leading up to May 19, 2026.

Moreover, it also showed data over a monthly period, revealing that the correlation has remained strong at about 81% over the last 39 days.

Apparently, the data suggests that the two assets, Bitcoin and XRP, have continued to share a close alliance in their recent price trajectory amid short-term volatility.

Morgan mocks viral "escrow dump theory"

Morgan shared the result of his research, challenging the recurring market narrative that claimed that XRP was moving to decouple from Bitcoin.

There have been speculations that XRP price patterns are majorly influenced by internal token dynamics like the supply pressure from the regular Ripple escrow unlock event.

Following his assertions, Morgan believes that the broader crypto market movements, especially that of Bitcoin being the dominating asset, can significantly influence XRP's price action. He believes this has been the case in recent times.

Nonetheless, the crypto community has expressed mixed reactions to Morgan's opinion on Bitcoin and XRP price moves.

Q&A

What did Bill Morgan's research reveal about Bitcoin and XRP prices?

Bill Morgan's research revealed a 96% correlation between Bitcoin and XRP prices, indicating they have been moving similarly.

How has the correlation between Bitcoin and XRP changed recently?

Morgan noted that the correlation between Bitcoin and XRP price movements has been growing stronger in recent weeks.

What tool did Bill Morgan use to analyze Bitcoin and XRP price correlation?

Bill Morgan used an AI tool for a quick data check to analyze the price correlation between Bitcoin and XRP.