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Tag: Strong Bitcoin Correlation

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Ripple (XRP) Reaction to Major Update Muted Due to Strong Bitcoin Correlation

In Brief Despite important happenings within the Ripple ecosystem, XRP’s price remains muted. Ripple’s announcement of XRPL smart contracts had no positive effect, with XRP’s price dropping 3%. Rising selling pressure and negative market indicators suggest further XRP devaluation toward $0.52 or $0.46. XRP’s strong correlation with Bitcoin (BTC) might be limiting its performance, as…
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