The new data from "The Tie" show how twinking is directly related to its XRP trading volume

As many of our readers already know, the XRP community is one of the most active (if not the most) crypto-communities in the world today. In this regard, the data released by altcoin analyst

"The Tie" seems to suggest a strong correlation between "tweet XRP and volume of daily exchanges".

In this regard, "The Tie" has recently sent the following message:

"An interesting look at how tweets XX and trading volumes are related, it seems as if the peaks between the trading and the volume of tweets occur in unison.In some cases it is the tweet that brings the peaks of the volume in the trading, in other cases it is the trading that leads to the tweet jumps "

More on The Matter

As can be seen from the chart below, at the beginning of last October (the 2nd), the tweet volume and the price of XRP are increased simultaneously over a 24-hour period. This exact same phenomenon was then observed a couple of other times in December (2018).

That said, it is worth adding that Bitcoin and Ethereum have also exhibited similar signals in the past – however, the correlation of XRP with its tweet volume trump of both mentioned cryptocoins with a wide margin.

Final take

In closing, it is worth emphasizing that it is common practice for investment companies to pump actions chosen on various social media platforms in order to increase their overall visibility. It remains to be seen if we will see the occurrence of similar trends in the near future.