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.
Dan Burgin
