In the middle of a broader market rally going on, XRP has gained notable traction in the financial markets. With Bitcoin soaring higher and higher
As the broader market rally continues, XRP has gained significant attention in the financial markets. With Bitcoin soaring to new heights and breaking records, it is poised to reach the next milestone, which will also positively impact other cryptocurrencies.
In this context, a top crypto market analyst is predicting an XRP rally to $2.2 if Bitcoin breaches the $100,000 mark, sparking further speculation.
A top analyst, known as Egrag Crypto, took to X to share his analysis on Bitcoin and XRP. He highlighted that XRP is currently down 42% against Bitcoin, precisely as he predicted earlier on May 16, 2024. However, he claims that this is setting the stage for a massive rotation.
“#XRP / #BTC YOLO Update:
XRP / BTC is currently down around 42% – exactly as I predicted back on May 16, 2024. ?
And why is this good news? Because it's setting up for a massive rotation!
Here's the roadmap:
✅As XRP / BTC takes a hit and BTC / USD surges toward a new… https://t.co/VaMjsDgLx0 pic.twitter.com/T0iUwecfUM”
As BTC/USD makes its way to a new all-time high, it will cause BTC dominance to drop. That's when we'll see the liquidity rotation happen Fast and Furious!” he noted.
XRP To Top?According to the analyst, as BTC/USD approaches a new all-time high, its dominance will decline, which will trigger a liquidity rotation. This rotation will drive XRP to 0.000022, translating to a price of $2.2, if BTC reaches $100,000.
Moreover, he also believes that this time, XRP is ready to lead as the top-performing asset in the Top 100. To add to that, he also predicts a Bitcoin surge between $150K and $180K in the coming days. As Bitcoin is all set to claim its next milestone, investors are closely watching XRP's movements.
Brad Garlinghouse Sees HopeIn the latest X post, Ripple CEO Brad Garlinghouse shared some thoughts on what the Trump administration could mean for crypto and also recognized the XRP family's patience and unwavering support.
“I've shared some thoughts on what the Trump administration could mean for crypto and wanted to also recognize the XRP family's patience and unwavering support. A lot has happened since XRP was the 2nd most valuable digital asset. It's been – at times – a frustrating journey.~6…”He reflected that a lot has happened since XRP was the 2nd most valuable digital asset, noting that at times it has been a frustrating journey.
But finally, after 4 years, since the SEC sued Ripple, he sees light at the end of the tunnel as the external ‘unnatural and manipulative’ market factors fade. He also noted that the headwinds are turning to tailwinds, and the opportunity for those who believe in the future of XRP is enormous.
After a much anticipated Trump win for the crypto industry, the industry anxiously awaits regulatory clarity in digital assets. The market expectations soar over the potential exit of Gensler soon under Trump's presidency. There are also speculations of a conclusion or settlement in the Ripple lawsuit.
The above is the detailed content of XRP (XRP) Price Prediction: Will XRP Rally to $2.2 if Bitcoin Breaks the $100,000 Barrier?. For more information, please follow other related articles on the PHP Chinese website!