XRP Drops 20% Amid Global Market Crash, Golden Ratio Debate

The crypto market recently experienced a significant downturn, with Bitcoin falling below $80,000 and XRP dropping under $2. This decline followed retaliatory actions from other countries in response to Trump's policies, which led to a global market crash. Notably, some community members observed that the XRP crash halted at a price point associated with the Golden Ratio, specifically $1.618. This observation has sparked debates about the mathematical and logical foundations of this concept, with some community members using it to predict future XRP price movements.

The theory that the Golden Ratio could predict crypto trends was initially proposed by a member of the NFA research group. According to this theory, the crash stopping at $1.618 could be a meaningful signal. However, other community members disputed this claim, pointing out discrepancies in the price charts across different exchanges. For instance, Binance and Bitstamp showed the Ripple price stopping at $1.6134 and $1.6118, respectively, while Coinbase indicated a price of $1.6106. Despite these variations, some argued that the $1.61 level has enough relevance to the Golden Ratio to lend credibility to the theory.

The NFA group further supported their theory by providing a list of various numbers related to cryptocurrencies and the Golden Ratio. They cited examples such as XRP surging to its all-time high on January 6, 2018, a date they claimed was related to the Golden Ratio. They also noted that XRP was launched on August 2, 2013, and that this date is exactly 1,618 days away from the all-time high date of January 6, 2018. Additionally, they identified another significant event 1,618 days after XRP hit its all-time high, claiming that XRP hit a low on June 12, 2022. However, upon closer examination, these claims appear to be fabricated. The actual all-time high for XRP was on January 4, 2018, and the low point of the 2021 market cycle was on June 18, 2022, at $0.2870.

Other crypto analysts have also used the Golden Ratio theory to make XRP price predictions. For example, one analyst marked $0.38249 as the golden bottom of XRP and determined future rally targets, including $16.18 and $161.8. Currently, XRP is trading near $2, requiring more than 700% growth to reach the golden ratio target.

Despite the lack of mathematical and logical support for the Golden Ratio theory, the current trajectory for the Ripple price remains bullish. This optimism is fueled by recent developments, including a 20-day pause announced by Trump, which has reenergized the markets. Additionally, Ripple's recent $1.15 billion purchase of a prime broker indicates the company's expansion and potential for increased capital inflow, which could lead to value appreciation. As the XRP ecosystem continues to grow, the potential for a significant price surge remains a topic of interest among investors and analysts.