Some say bitcoin is an un-correlated asset. What about XRP ???

This chart clearly shows how XRP is uncorrelated to the price of the S&P !!

Some experts in crypto say that Bitcoin is an un-correlated asset. However, if bitcoin is, XRP is even more so.

The chart moreover shows how the price of XRP broke out of an 7 YEAR BEAR FLAG !!!
It broke down decisevely in november 2024.
At the present moment it is making a halt, drawing a bear flag (n° 2) as it did after it broke down of a very similar bear flag in March of 2017 (n° 1).

How do you think this will resolve ?

Any more questions ?


This is a very bearish chart - for the SPX !!!