XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable?

XRP price posted a sharp rally against (BTC) on continued optimism about a potential settlement between Ripple, a San Francisco-based blockchain payment firm, and the U.S. Securities and Exchange Commission (SEC).

On Sept. 23, the pair surged to 0.00002877 — its best level in 13 months — from 0.00002132, a 35% price rally versus Bitcoin in one day. Meanwhile, the same timeframe saw XRP rising as much as 42% against the U.S. dollar.

XRP/BTC and daily price chart. Source: TradingViewActive XRP shark and whale addresses. Source: SantimentXRP/BTC daily price chart. Source: TradingViewXRP/USD three-day price chart. Source: TradingView

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