The Golden Ratio and Its Connection to XRP

This theory was brought up by a member of the NFA research group in an X post. Based on their opinion, this could be a meaningful signal as the crash stopped at $1.618.

A member of the NFA research group has brought up an interesting theory about the possibility of the Golden Ratio predicting crypto trends. The researcher stated that the recent XRP crash stopped at an optimal number associated with the Golden Ratio. This number is 1.618, which has ignited debates about the logic and math behind this concept.

As some community members use this ratio for future XRP price prediction, we reach an interesting target. Let’s dive into the details and see if the predicted XRP price surge can be supported with analysis.

Could the Golden Ratio Predict Crypto Trends?

This theory was brought up by a member of the NFA research group in an X post. Based on their opinion, this could be a meaningful signal as the crash stopped at $1.618. However, some other community members pointed out in the comments that this was not true. The contradiction can be seen as we analyse the price charts on different exchanges. Binance and Bitstamp, for example, showed that the Ripple price stopped at $1.6134 and $1.6118. Additionally, Coinbase also showed a contradicting result of $1.6106. However, they argued that the $1.61 has enough relevance to the Golden ratio to give this theory credibility.

The recent XRP crash stopped right at the golden ratio, 1.618. ? https://t.go/iMsDOQ7GRh pic.twitter.com/GsHWri2we0

The Golden ratio theory and its supposed connection to crypto do not end here. The NFA group had also released a deliberate list of various numbers that were related to cryptocurrencies and the Golden Ratio. As such, they used these instances to draw a conclusion and give credibility to their theory.

They mentioned that the XRP price surged to its all-time high on a date related to the Golden Ratio, jan 6, 2018.

Was the XRP ATH Really on January 4, 2018?

Another example they provided is more complex, as they first pointed out that XRP was launched in August. 2, 2013. Then they calculated that this date is exactly 1,618 days from the ATH date of Jan. 6, 2018. This group even went further and found out another important event 1,618 days after XRP hit its ATH. Based on their report, XRP hit a low on June 12, 2022. However, with a little research, we can easily find contradictions and debunk such claims.

If we look at the XRP ATH on multiple exchanges, we see Jan. 4, 2018 as the correct date. The NFA team had given Jan 6 two days after the actual ATH to fabricate their evidence. Additionally, June 12, 2022, also does not represent the data when XRP’s 2021 cycle hit its low. Rather, XRP hit $0.2870 on June 18, which is the actual low of that market cycle.

Is There a Hidden Pattern Behind XRP’s Highs and Lows?

There are also other crypto analysts who have used the Golden Ratio theory to make XRP price prediction. One example is Saul, who used this theory to mark $0.38249 as the golden bottom of XRP. As such, he also determined the future targets for XRP rallies, including $16.18 and $161.8. As of now, XRP is trading near $2, needing more than 700% growth to reach the golden ratio target.