XRP SUPERCYCLE vs Tether

Tether (USDT) is 5987216.2× the size of XRP SUPERCYCLE (XRPS) by market capitalisation. Over the past 30 days, XRPS is ahead by 10.8 percentage points (XRPS +10.8% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.11 across 25 shared trading days). XRPS has been the more volatile of the two, at 138% annualised against USDT's 1%.

Correlation: -0.11
Size ratio: 1 : 5987216.2
Ahead over 30 days: XRPS

XRP SUPERCYCLEXRPS

$2.972e-5

24h: -5.91%
Market cap: $29,656
Volume 24h: $91
Volatility (ann.): 138%

TetherUSDT

$0.998932

24h: -0.05%
Market cap: $177.56B
Volume 24h: $69.94B
Volatility (ann.): 1%

XRPS 0.0%Share of the two combined market caps100.0% USDT

Performance

XRPSUSDT

7 days-9.68%+0.07%USDT
30 days+10.76%-0.09%XRPS

Correlation

-0.11over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1190d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	XRPS	USDT
Max drawdown (400d)	-39.6%	-0.2%
Risk-adjusted return (90d)	-0.12	-0.05

Relative strength over 90 days: XRPS outperformed USDT by 21.2% — measured on the XRPS/USDT ratio, so it holds regardless of market direction.

XRP SUPERCYCLE →Tether →