Bitcoin has reached a new all-time high, prompting interest in altcoins, particularly XRP and Ethereum. Expectations are rising: which one will reach their ATH first?
Current Market Snapshot: XRP vs ETH
Bitcoin has officially crossed the $119,000 threshold, attracting attention to other cryptocurrencies.
| Token | Current Price | ATH | Retracement | Last ATH Date | | --- | --- | --- | --- | --- | | **XRP** | ~$2.99 | **$3.84** | ~22% below ATH | January 4, 2018 | | **Ethereum** | ~$3,045 | **$4,878** | ~37.5% below ATH | November 10, 2021 |
XRP: Only 22% Away from Historic High
XRP has seen a significant increase of 30% over the past week due to strong technical and market signals. The path shows that XRP could reach its historical high of $3.84, set over six years ago.
Increased trading volumes and regulatory clarity are helping the token to recover.
Ethereum: Long-Term Giant With Work to Do
Ethereum recently surpassed the psychological level of $3,000, posting nearly a 20% increase in the past 7 days. Despite the strong fundamentals and upcoming upgrades, Ethereum still remains approximately 37.5% below its ATH of $4,878. This may delay its recovery unless the bull market accelerates.
Bitcoin has reached a new level, while altcoins, XRP and Ethereum, are on the verge of potential recovery. XRP, due to its proximity to its ATH, has a chance of returning to its historical high first, though the market remains volatile.
