How correlated is XRP with Bitcoin recently?

XRP and Bitcoin's correlation has been relatively low recently, with XRP being more negatively affected by regulatory factors, while Bitcoin's decline is attributed to large sales by whales.

1. **Recent Performance**: Over the past 30 days, XRP has experienced a significant decline of 20%, while Bitcoin has seen a decrease of only 5%. This divergence in performance indicates a lack of direct correlation in their price movements.
2. **Correlating Factors**: The regulatory environment for Ripple (XRP) has been a key factor in its recent weakness, with the SEC case against Ripple being settled but regulatory uncertainty persisting. In contrast, Bitcoin's price fluctuations are more related to market dynamics and investor sentiment, including shifts in investor interest from Bitcoin to Ethereum.
3. **Market Sentiment**: Despite Bitcoin's decline, market sentiment remains positive, with analysts predicting potential price increases in the future. This positive sentiment is not reflected in XRP, which continues to face regulatory challenges.

In conclusion, while both cryptocurrencies are affected by broader market factors, their recent price movements indicate a low correlation, with XRP being more negatively impacted by regulatory issues, and Bitcoin experiencing a milder decline due to other factors.