XRP vs. XLM: Breaking down the reasons behind their unusual market correlation

XRP and XLM exhibit a significant price correlation over the past decade, driven by shared founders and a focus on cross-border payments. Automated trading bots react to XRP news, simultaneously affecting XLM’s price movements.

While XLM leads in active addresses and total value locked, XRP remains dominant in overall trading volume and media coverage, appealing to retail investors. The current trading volumes are approximately 6 billion USD for XRP compared to 1.3 billion USD for XLM.

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