Wall Street Influence Continues... Can XRP Not Become an Independent Asset?

▲ Ripple (XRP) ©

A study has revealed that, contrary to expectations of XRP being an independent asset, it still moves in line with Wall Street trends.

According to crypto-specialized media CryptoNews on April 27 (local time), a recently published academic study confirmed that the price of XRP (Ripple) heavily relies on signals from traditional financial markets such as stocks and bonds. The study analyzed information flow between assets based on daily data from 2018 to early 2026.

According to the research findings, major macroeconomic indicators such as the G10 stock markets, 10-year government bond yields, and 5-year credit default swaps (CDS) generated the strongest price signals. Cryptocurrencies, including XRP, often remained in the role of 'receiving' these signals, showing a clear tendency to lag rather than lead market direction.

The researchers explained this as an 'Information Flow' structure. Price pressures originating from stocks, bonds, and national risk indicators are formed first, and then this flow is repeatedly transmitted to the cryptocurrency market. This indicates that cryptocurrencies still maintain a high correlation with traditional finance.

Especially during market crises, the structure became even more apparent. National risk indicators such as CDS acted as key variables simultaneously moving stock and cryptocurrency prices, confirming a shift in market leadership to existing financial indicators. The researchers analyzed that this trend intensifies during crisis situations.

This study also raises questions about the existing expectation that cryptocurrencies could act as 'safe-haven assets.' The researchers concluded that digital assets are not yet functioning as an independent asset class separate from traditional finance and remain heavily influenced by changes in the global financial environment.

Ultimately, XRP has not been able to break its ties with Wall Street in its price formation structure, irrespective of its increasing adoption. Contrary to expectations that independence would strengthen as the market grows, analysis suggests that it currently maintains the characteristic of an 'extended risk asset' that follows the trends of traditional finance.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*