Chartist Predicts 5 XRP Price Milestones If Bitcoin Hits These Bullish Points

Experienced crypto analyst EGRAG has projected that XRP could reach remarkable price levels if Bitcoin advances to major price milestones, like $100,000, $130,000, and $160,000.

His analysis, shared across social media, delves into the dynamics of the XRP/BTC pair, emphasizing historical trends and key support levels.

XRP/BTC Analysis: Examining Key Support and Resistance Zones

Recently, EGRAG posted a detailed analysis on X, looking into XRP’s price behavior compared to Bitcoin, represented as the XRP/BTC pair. He highlighted that this pair recently encountered a crucial support zone, named “YOLO” (You Only Live Once).

The “YOLO” zone signifies a significant threshold that has held XRP support against Bitcoin during periods of heavy selling pressure.

In his post on October 21, EGRAG reported that the XRP/BTC pair attempted to close above the critical 0.000010 level but was pushed down due to substantial selling pressure. This action led the pair back to the “YOLO” support zone, which he marked in yellow on his analysis chart.

He argued that for the XRP/BTC pair to break through the 0.00001 barrier, it would need a forceful upward push, which he called a “megathrust surge.” This suggests that only an intense buying impulse would enable XRP to breach this resistance effectively.

Historical Analysis of XRP/BTC: Learning from Previous Cycles

At the time of press, the XRP/BTC pair is trading around 0.000007360, down by 0.4% over the past 24 hours. To achieve the 0.00001 range, the pair would need to climb by approximately 35.86%. According to EGRAG, breaking this level could open the door for a more substantial price rally for XRP.

To support his predictions, EGRAG referenced historical price cycles that have witnessed dramatic increases in XRP/BTC. He identified three notable cycles over the past decade: Cycle A (2014), Cycle B (2017), and Cycle C (2021). Each of these cycles saw the XRP/BTC pair experience significant upward spikes, peaking at 0.00007, 0.000245, and 0.00003909, respectively.

He speculated that the current setup could lead to another surge, potentially targeting the 0.0000221 level. This historical insight adds weight to EGRAG’s argument that XRP could be poised for a similar breakout.

XRP’s Future Price Targets if Bitcoin Hits Key Levels

In his analysis, EGRAG outlined potential XRP price points based on Bitcoin’s possible rise to key levels, like $70,000, $100,000, $130,000, $160,000, and $200,000. He noted that these levels could heavily influence XRP’s performance against the dollar, especially if XRP/BTC maintains its trajectory around the 0.00017 range.

EGRAG suggested that if the XRP/BTC pair reaches 0.00017 and Bitcoin rises to $70,000, XRP’s price could surge to $12, which would represent an impressive 2,243% increase from its price as of the time of the post, while Bitcoin at $100,000 could take XRP to $17, marking a staggering 3,220% increase from the current level.

Should Bitcoin hit $130,000, a target projected by prominent asset manager VanEck, XRP could ascend to $22, yielding a 4,196% increase. If Bitcoin hits $160,000, XRP’s price might reach $27, representing a substantial 5,173% gain.

Lastly, in the scenario where Bitcoin soars to $200,000, and XRP/BTC continues at 0.00017, EGRAG predicted XRP could achieve a target of $34, which would mark a phenomenal increase from XRP’s price as of the time of EGRA’s post.

Despite the optimistic outlook, EGRAG also highlighted critical risk factors. He warned that XRP could experience significant downside pressure if the XRP/BTC pair drops to 0.00000667, a level he identified as a potential bearish turning point.

This indicates that while XRP’s bullish targets are enticing, its performance could also reverse quickly if BTC underperforms or sell pressure increases on XRP relative to Bitcoin.

At the time of writing, XRP was trading at $0.7, with a relatively 1% price decrease over the past day, reaching a $34 target would amount to an astonishing 4.700%.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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