David

Coin

<ul class="news-points"> 
 <li><strong>A “significant correlation” has been identified between the price behavior of XRP and XLM.</strong></li> 
 <li><strong>David Schwartz believes there isn’t enough XRP/XLM liquidity to cause a significant correlation in their prices.</strong></li> 
 <li><strong>Schwartz observed three distinctive factors responsible for the XRP-XLM correlation.</strong></li> 
</ul> 
<p>A “significant correlation” has been identified between the price behavior of XRP, the native token of the Ripple network, and <a href="https://coinedition.com/tag/Stellar-xlm/">XLM, Stellar</a>’s native cryptocurrency. Despite the observed correlation, Ripple’s Chief Technology Officer (CTO), David Schwartz, does not think there is enough XRP/XLM liquidity to cause a significant correlation in their prices.</p> 
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   <p lang="en" dir="ltr">Obviously, it's hard to believe that there's so much XRP/XLM liquidity that it's causing significant correlation in their prices. But I find that plausible to partly explain XRP/BTC correlation and XLM/BTC correlation.</p>— David "JoelKatz" Schwartz (@JoelKatz) <a href="https://twitter.com/JoelKatz/status/1736919987561046353?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 19, 2023</a>
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<p>Using data from <a href="https://x.com/JoelKatz/status/1736698320234725524?s=20" target="_blank" rel="nofollow">CoinmarketCap</a>, Schwartz showed how XRP and XLM have displayed similar price movements in the past year. This prompted the Ripple CTO to propose potential <a href="https://x.com/JoelKatz/status/1736703848969118161?s=20" target="_blank" rel="nofollow">reasons</a> behind the similarity in trends for both cryptocurrencies.…</p>
<p>The post <a href="https://coinedition.com/xrp-xlm-price-correlation-expert-weighs-in/">XRP, XLM Price Correlation? Expert Weighs In</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

XRP, XLM Price Correlation? Expert Weighs In

Coin Edition

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