The long-standing debate over whether Bitcoin and XRP price movements are diverging or tracking each other has resurfaced in the crypto ecosystem with new data. The latest analysis on this closely watched relationship, which attracts significant attention from investors, has been shared by legal expert Bill Morgan.
Short-term correlation between Bitcoin and XRP prices
Bill Morgan, a lawyer known for his commentary on crypto markets, highlighted that Bitcoin and XRP have been moving more closely together in the short term than many assumed. Using an AI-based analysis tool, Morgan identified a clear parallel between the two major cryptocurrencies, particularly over the past week.
According to Morgan, Bitcoin and XRP reached a seven-day price correlation rate of 96% during the period up to May 2026. The monthly correlation also remained strong, with the past 39-day period showing an 81% correlation. This indicates significant price stability between the two assets, suggesting that both have tended to move in tandem during short-term market fluctuations.
Market dynamics and XRP-specific factors
Within the crypto ecosystem, XRP stands out as the cryptocurrency supported by Ripple, a firm focusing on blockchain-based payment solutions. Many investors have speculated that Ripple’s routine “escrow releases”—the regular unlocking of tokens held in reserve—could independently influence the price of XRP.
However, Bill Morgan challenged the popular claim that “XRP moves independently of Bitcoin” by presenting new research. Sharing his analysis results, Morgan revealed that, in the short term, XRP’s price remains closely linked to Bitcoin’s movements.
In light of the findings produced by his analysis tool, Bill Morgan observed that, “Bitcoin and XRP prices exhibit a very close correlation both weekly and monthly. The data does not support the idea that XRP is enjoying fully independent price action.”
Morgan’s remarks have sparked renewed debate among XRP community members who believe the token’s internal supply mechanisms enable it to chart its own course.
Community response and market implications
Reactions from the crypto community to Morgan’s findings varied widely. Some argued that Bitcoin’s dominant position still shapes the direction of all altcoins, including XRP, while others insisted that Ripple’s strategies could have a stronger impact on XRP in the medium and long term.
The recent statistics pointing to close coordination between the two digital assets in the short term may prompt crypto investors to reconsider their strategies. Looking forward, whether Bitcoin’s influence over the wider market continues to dictate XRP’s price remains an open question for the months ahead.
