XRP reacts differently than Bitcoin to regulatory news

• The U.S. Federal Reserve reveals that the cryptocurrency XRP didn’t show great reaction or movements in price to regulatory news in the past.
• Bitcoin, Litecoin, Bitcoin Cash and Ethereum showed a bigger reaction in terms of price performance to regulatory news.

The U.S. Federal Reserve, Dallas branch, released a report on the price performance of the major cryptocurrencies and the reaction of the price performance they show to regulatory news. The study, entitled “Cryptocurrency Market Reactions to Regulatory News”, shows how news about new regulations can have an effect on the crypto market depending on the nature of the regulation. The study reveals a particular behavior for XRP.

XRP compared to Bitcoin, Ethereum and Litecoin

The study analyzes the behavior of Bitcoin and its forks, Litecoin and Bitcoin Cash. The behavior of Ethereum is also taken into consideration. In that sense, the study says the following:

(…) cryptocurrencies are often thought to operate out of the…