Bill Morgan, a lawyer who supports XRP, has frequently pointed out that XRP’s price tends to follow Bitcoin’s lead, mirroring its market movements. This opinion has sparked some debate.
Morgan addressed criticism by clarifying that when he says XRP mirrors Bitcoin, he’s simply pointing out a connection between how the two cryptocurrencies move in relation to each other.
He further explained what he actually meant.
XRP Price Follows Bitcoin, Says Bill Morgan
Bill Morgan recently noted that XRP’s price tends to follow Bitcoin’s, but it doesn’t mirror Bitcoin’s every change. While they’re connected, XRP doesn’t simply copy Bitcoin’s movements.
Bitcoin and XRP prices tend to move in the same direction and are strongly correlated, but the extent of that correlation isn’t constant. While they generally move together, a specific percentage change in Bitcoin’s price won’t necessarily result in the exact same percentage change in XRP.
Morgan isn’t speaking in a vacuum. The data support his view.
Currently, XRP and Bitcoin have a strong correlation of 0.628 over the past 90 days. This means they tend to move in the same direction, and a value closer to 1.0 would indicate an even stronger relationship.
Between 2020 and 2024, this figure consistently ranged from 0.5 to 0.8, even as the market changed, indicating a consistently strong relationship between XRP and Bitcoin.
XRP Falls 1.55 Times Harder Than Bitcoin
He also articulated a feeling shared by many XRP investors – a feeling they experience in their holdings but seldom hear explained so plainly.
XRP tends to be more volatile than other cryptocurrencies, which means its price drops can be quicker and last longer. Gains, however, usually need a significant boost to happen and aren’t as dramatic. As a result, XRP’s price has generally decreased compared to Bitcoin over time, although it experiences occasional, temporary surges.
Historically, when Bitcoin’s price decreases by 10%, XRP tends to fall by a larger percentage – often around 1.55 times more than Bitcoin.
Recent market activity demonstrates a clear pattern. When Bitcoin’s price fell from its peak of $126,000 to $80,000 in late 2025, XRP also decreased in value, dropping from about $3.40 to $1.80. This represents a 46% decline for XRP, compared to a 37% drop for Bitcoin.
Similar price drops occurred again in early 2026. Bitcoin’s value decreased from $80,000 to $60,000, and XRP fell from $1.85 to $1.11. XRP experienced a larger loss, dropping 40% in value, compared to Bitcoin’s roughly 25% decline.
Debate Over Escrow Impact Continues
Morgan also responded to the discussion about whether the regular release of XRP from escrow affects its price. He doesn’t believe there’s a strong connection, stating that the evidence doesn’t support that claim.
Instead, he believes overall market trends, especially Bitcoin’s movement, play a much bigger role.
Currently, XRP is trading at around $1.37, up slightly by 0.27% over the past 24 hours. Bitcoin has seen a larger increase, rising by 2% during the same time.
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2026-05-01 13:53