<h2>Bitcoin and Ripple's past 90 days prices somewhat correlated</h2>

<p>Using price charts of the last 90 days in <a href="https://www.coingecko.com/en/price_charts/ripple/usd/90_days" rel="nofollow noreferrer">XRP/USD</a> and <a href="https://www.coingecko.com/en/price_charts/bitcoin/usd/90_days" rel="nofollow noreferrer">BTC/USD</a>, the daily prices of Ripple and Bitcoin appear to be somewhat correlated: Their correlation coefficient comes out as <strong>0.741</strong>.</p>

<h2>Correlations in Coingecko's Top Ten</h2>

<p>I've proceeded to check the past 90 days correlations of the top ten cryptocurrencies as listed on Coingecko.com:</p>

<p><img src="https://i.sstatic.net/bsOnh.png" alt="Top ten price correlation last 90 days"></p>

<p>In the past ninety days:</p>

<ul>
<li>Litecoin and Bitshares had a correlation of 0.93, as had Litecoin and NXT.</li>
<li>Bitcoin appears to be most correlated with Ripple and Litecoin, both 0.74.</li>
<li>Bitcoin appears to be least correlated with Stellar, at -0.19</li>
<li>The least correlation appears to be between Dogecoin and Monero at -0.05.</li>
</ul>

<hr>

<h2>Procedure</h2>

<p>All data was taken from Coingecko's last 90 days pricecharts on 2015-06-08. Therafter, I plugged them into LibreOffice, and ran Correl(A;B) on each pair.</p>

CC BY-SA 3.0
2015-06-08T14:26:59.613Z
2015-06-08T14:26:59.613Z
Murch
<p>In general, when bitcoin is rising, all the others cryptos do, and vice versa. You can say that bitcoin is leading the crypto in general, so any upthread in bitcoins rate usually leads to the raise of most of the alts</p>

CC BY-SA 3.0
2015-03-09T22:19:08.227Z
Could you please support that opinion with a reliable source or some numbers? So far it sounds like anecdotal evidence to me.
Murch
CC BY-SA 3.0
2015-03-06T20:44:34.110Z
2015-03-06T20:44:34.110Z
ElRey777
<p>Is there a correlation between the value of Ripple (XRP) and Bitcoin (BTC)?</p>

CC BY-SA 3.0
2015-03-03T15:36:40.173Z
Price correlation, most likely, but technical analysis is probably outside the purview of this site.
Jimmy Song
CC BY-SA 3.0
2015-03-03T16:50:35.217Z
I agree about price correlation, but why would the question be offtopic? It's not "technical analysis" so much, as just a question of finding historical data and plugging them into the equation. It can easily be answered factually.
Murch
<historical-trade-data>
Correlation between Ripple and Bitcoin
user24560
# Correlation between Ripple and Bitcoin

(Asked by: username_0 on 2015-03-03)

Is there a correlation between the value of Ripple (XRP) and Bitcoin (BTC)?

**Tags:** historical-trade-data

> **Comments:**
> **username_1**: Price correlation, most likely, but technical analysis is probably outside the purview of this site.  
> **username_2**: I agree about price correlation, but why would the question be offtopic? It's not "technical analysis" so much, as just a question of finding historical data and plugging them into the equation. It can easily be answered factually.  

---

## 2 answers

### Answer by username_2 on 2015-06-08. Score: 1

## Bitcoin and Ripple's past 90 days prices somewhat correlated

Using price charts of the last 90 days in [XRP/USD](https://www.coingecko.com/en/price_charts/ripple/usd/90_days) and [BTC/USD](https://www.coingecko.com/en/price_charts/bitcoin/usd/90_days), the daily prices of Ripple and Bitcoin appear to be somewhat correlated: Their correlation coefficient comes out as **0.741**.

## Correlations in Coingecko's Top Ten

I've proceeded to check the past 90 days correlations of the top ten cryptocurrencies as listed on Coingecko.com:

![Top ten price correlation last 90 days](https://i.sstatic.net/bsOnh.png)

In the past ninety days:

* Litecoin and Bitshares had a correlation of 0.93, as had Litecoin and NXT.
* Bitcoin appears to be most correlated with Ripple and Litecoin, both 0.74.
* Bitcoin appears to be least correlated with Stellar, at -0.19
* The least correlation appears to be between Dogecoin and Monero at -0.05.

---

## Procedure

All data was taken from Coingecko's last 90 days pricecharts on 2015-06-08. Therafter, I plugged them into LibreOffice, and ran Correl(A;B) on each pair.


---

### Answer by username_3 on 2015-03-06. Score: -1

In general, when bitcoin is rising, all the others cryptos do, and vice versa. You can say that bitcoin is leading the crypto in general, so any upthread in bitcoins rate usually leads to the raise of most of the alts

> **Comments:**
> **username_2**: Could you please support that opinion with a reliable source or some numbers? So far it sounds like anecdotal evidence to me.  

---

