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Analyst Says XLM Is Moving in Lockstep With XRP

EGRAG CRYPTO, a prominent XRP perma bull, has asserted that XLM has a significant price correlation with XRP.

The analyst disclosed this in a tweet yesterday, pointing out that the price difference between both assets is usually within a 30 to 40% range. Consequently, he predicts that a higher XRP price will likely lead to a higher XLM price.

It is not unusual for crypto assets to move in tandem, as higher Bitcoin prices often lead to a broader market rally. However, noting the average percentage price difference between the two assets with significant links and similarities is interesting. EGRAG using an average price difference of 35%, places XLM at $1.05 if XRP surges to $3 and $9.45 if XRP surges to $27.

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