ENA / XRP ratio and spread
1 ENA = 0.1027941 XRP. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.899 and the correlation between the legs is 0.71.
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Key numbers
over 350 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The legs move closely together — correlation of daily log returns is 0.71. The fitted hedge ratio is 1.90, meaning roughly 1.90 units of XRP exposure balance one unit of ENA.
The spread is at 0.72 standard deviations from its rolling mean, which is effectively at its own norm.
Historically the spread covers half the way back to its mean in about 16 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits mid-range — 28% of the way from the low to the high of the last 350 daily candles.
Frequently asked
How many XRP is 1 ENA?
1 ENA is worth 0.102794 XRP at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the ENA/XRP range?
Over the last 350 daily candles the ratio traded between 0.0605856 (05.04.2026) and 0.211304 (02.10.2025).
Are ENA and XRP correlated?
The correlation of daily log returns between ENA and XRP is 0.71, which counts as a strong link. Log returns are used rather than prices: two rising assets correlate almost by default, joint day-to-day movement is what matters.
What is the ENA/XRP spread z-score now?
The z-score is 0.72 — the spread is within its usual range. It measures how far the regression residual log(A) − β·log(B) sits from its rolling mean, in standard deviations.
Is ENA/XRP suitable for a pair trade?
The mechanics hold up: correlation is 0.71 and the spread historically covers half the way back to its mean in about 16 days. That is a description of past behaviour, not a forecast or a recommendation.
Related pairs
Other pairs sharing a leg with this one.
All figures are computed from exchange data and describe past behaviour. Nothing here is investment advice.