According to the crypto trader, EGRAG crypto, XRP could have reached highs of $13 to $27 just the same way cryptocurrencies like Bitcoin and Ethereum set all-time highs of $64,000 and $4891, respectively. In the 2021 bull cycle, XRP was the only major cryptocurrency that couldn’t set all-time highs given the setback of the SEC lawsuit.
In a thread of tweets, EGRAG crypto states the top or all-time highs of Bitcoin and Ethereum coincided with Fib 1.618 and Fib 1.414, respectively. If XRP had hit these Fibonacci levels, its price might have been $13 or possibly $27.
‘’In this cycle, if we consider that the top of BTC & ETH was earlier in Nov. 2021, then BTC has hit Fib 1.618 & ETH Fib 1.414. In comparison with XRP’s performance, XRP should have reached 13$ -27$. BTC Hit the Fib 1.618. ETH hit Fib 1.414. XRP Should have hit:13$ ( Fib 1.414, in comparison with ETH)& 27$ ( Fib 1.616, in comparison with #BTC),’’ the trader wrote.
Amid the ongoing crypto market volatility, XRP appears to defy the odds by recording significant gains and broadly outperforming Bitcoin, Ethereum, and the rest of the top 10. XRP has gained nearly 60% in a month as it reached intraday highs of $0.52 on October 9. Barely a month ago, on September 8, to be precise, XRP traded at $0.33.
XRP’s rally has stood out, considering that most altcoins are still experiencing a downturn in value. Although most assets are trading in the red zone, XRP’s positive gains can partly be attributed to the recent developments in the Ripple case with the SEC
XRP’s price gains have been reflected in other metrics around the asset. On September 30, XRP’s three-month social activity recorded 1.95 billion social engagements from 9,424 social contributors. XRP also saw over 2700 new joiners enter its network in a single day, recording the largest network growth since July 2.
At the same time, Ripple Labs has been growing, something that saw the San Francisco-based firm earn a ranking in the top Fintech 250.
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