Great question! ✅
Trading the XRP/BTC pair lets you analyze how strong XRP is compared to BTC — useful for spotting altcoin strength without involving fiat.
🔄 The chart mainly reflects supply and demand within the XRP/BTC pair, but it’s influenced by movements in XRP/USDC and BTC/USDC too — because big USD moves in either asset can affect the ratio through arbitrage.
So yes, it’s a mix of direct and indirect influence. Always good to watch all three charts! 📊💡