Monero escaping the negative trend in bitcoin

Over the last couple of days I noticed a fairly interesting movement on the crypto exchanges. While most altcoins get carried away along with the negative trend in bitcoin, some are able to fight back against the strong bearish market. The privacy coin Monero is one of the only coins (not taking the pump and dump coins into account) which has increased its value by approximately 7.7 percent.

The beginning of altcoins being independent from bitcoin

Untill this day, the value of bitcoin always directly affected the value of altcoins. However, the current trend in altcoins displays deviant movements. As stated by Brad Garlinghouse, CEO OF Ripple;

“There’s a very high correlation between the price of XRP and the price of Bitcoin, but ultimately these are independent open-sourced technologies. It’s early, over time, you’ll see a more rational market and behaviors that reflect that.”

source: *"Ripple’s CEO Says Bitcoin Will No Longer Influence Prices of Cryptocurrencies"*, *Carlos Terenzi*, *June 1, 2018* available at [here](https://usethebitcoin.com/ripples-ceo-says-bitcoin-will-no-longer-influence-prices-of-cryptocurrencies/)

What are your thoughts on the current fluctuations? I'm convinced that most altcoins which add some kind of value to the blockchain technology, will eventually become either less dependent on or even independent from bitcoin.