A prominent crypto analyst, Mickle (@xrpmickle), has recently predicted a significant price surge for XRP, potentially surpassing Bitcoin’s performance in the current bull market. Building upon his previous analysis, Mickle has revised his prediction, suggesting that XRP could reach a remarkable price of $44 against Bitcoin.
Mickle’s analysis is based on a thorough examination of XRP’s historical price action against Bitcoin. He has identified a pattern in XRP’s price behavior, where the asset has experienced significant price increases following periods of extreme lows relative to Bitcoin. This pattern has repeated itself on several occasions in XRP’s history.
To illustrate this historical pattern, Mickle pointed to several examples. In June 2014, XRP’s price against Bitcoin dropped to 0.00000430 BTC. However, by the end of the year, XRP had outperformed Bitcoin, rallying by over 20 times to 0.00009155 BTC. Similar patterns were observed in early 2017 and during the 2020 bear market.
Mickle’s latest analysis suggests that XRP is experiencing a similar pattern, having recently reached a historically low value against Bitcoin. This low point, according to Mickle, is indicative of a potential for a substantial price increase shortly.
When combined with other significant developments like Ripple’s recent victory over the SEC, and increasing global adoption, XRP’s chances of a massive price rally increase significantly.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
XRP’s Potential Trajectory
Based on this historical analysis, Mickle has projected that XRP could reach a price of $44 against Bitcoin in the current bull market. This would represent a substantial increase of 7,204.12% from XRP’s current price of $0.6024.
However, Mickle emphasized that this prediction is contingent on Bitcoin reaching a price of $150,000. To achieve this price target, Bitcoin would need to experience a significant increase from its current price of around $61,300.
If Bitcoin reaches $150,000, its market capitalization would be approximately $3 trillion. Meanwhile, XRP needs to hit a $4.4 trillion market cap to attain $44.
While Mickle’s prediction is ambitious, it is based on a historical analysis of XRP’s price behavior. Although it might seem unlikely because it would make XRP the biggest cryptocurrency in the market, many experts have always believed that XRP can surpass Bitcoin.
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.
Follow us on Twitter, Facebook, Telegram, and Google News
