Netflix, Inc. (NFLX) vs XRP
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Correlation Analysis
Insight
Crypto analyst Egrag Crypto observed that XRP's price movements mirror those of Netflix's stock (NFLX) during similar market phases. He noted parallels between NFLX's price increase from 2002 to 2004 and XRP's rise in 2017-2018, suggesting that XRP might follow a similar trajectory to NFLX's significant growth between 2008 and 2011.
Historical Triggers
- 2002-2004:NFLX experienced a significant price increase, which is compared to XRP's rise in 2017-2018.
- 2008-2011:NFLX underwent substantial growth, which is suggested as a potential path for XRP's future performance.
Notes
- The comparison between NFLX and XRP is based on observed similarities in their price movement patterns during specific historical periods.