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11.17 NIL

XRP = 1.49 USDT

NIL = 0.13 USDT

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Derived series only: the ratio of the two legs and the spread z-score. Exchange candles are not included.

XRP / NIL ratio and spread

1 XRP = 11.17 NIL. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.388 and the correlation between the legs is 0.32.

Set an alert on this pair The spread z-score is -2.22 right now. Get a message when it reaches your level — instead of watching the chart.

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If you hold XRP · If you hold NIL

Hedge ratio β 0.388

Spread z-score -2.22

Correlation 0.32

Half-life 17.5 1d

The spread is beyond −2σ: historically such a divergence closed in about 18 days.

Alerts

Key numbers

Current ratio11.1697

Change 1d-40.20%

Change 7d-65.31%

Change 30d-67.14%

Period high40.7061

Period low7.15439

Hedge ratio β0.388

Spread z-score-2.22

Correlation0.32

Half-life18 d

over 361 daily candles

How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.

What the numbers say

The legs barely move together: correlation of daily log returns is only 0.32. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread currently sits at -2.22 standard deviations from its rolling mean — XRP is cheap relative to NIL by the standards of this window.

Historically the spread covers half the way back to its mean in about 18 days, so a divergence here tends to resolve within weeks rather than months.

The current ratio sits near the bottom of its range — only 12% of the way from the low to the high of the last 361 daily candles.

Frequently asked

How many NIL is 1 XRP?

1 XRP is worth 11.1697 NIL at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the XRP/NIL range?

Over the last 361 daily candles the ratio traded between 7.15439 (22.10.2025) and 40.7061 (29.03.2026).

Are XRP and NIL correlated?

The correlation of daily log returns between XRP and NIL is 0.32, which counts as a weak 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 XRP/NIL spread z-score now?

The z-score is -2.22 — the spread is stretched beyond two standard deviations. It measures how far the regression residual log(A) − β·log(B) sits from its rolling mean, in standard deviations.

Is XRP/NIL suitable for a pair trade?

Weakly. Correlation is only 0.32, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.

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.