Ripple Network achievements haven’t been translating into Ripple price (XRP) performance on cryptocurrency exchanges, according to Ripple CEO Brad Garlinghouse.
He isn’t happy with the correlation between Bitcoin (BTC) and Ripple price. He believes the correlation will end as soon as investors begin to recognize the differences between these assets.
“There’s a very high correlation between the price of XRP and the price of bitcoin, but ultimately these are independent open-sourced technologies,” Garlinghouse told CNBC’s “Power Lunch” Wednesday. “It’s early, over time you’ll see a more rational market and behaviors that reflect that.”
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