The post Expert Predicts 5,153% XRP Surge if Bitcoin Cracks $160K appeared on BitcoinEthereumNews.com.

Analyst Egrag predicts XRP could soar over 5,153% if Bitcoin reclaims key price levels and reaches the $160K threshold. Today, XRP encountered a significant setback, with its price breaching below the $0.5 level for the first time in two months. On Friday, XRP plummeted to $0.4936, marking a 7.18% loss from its earlier price of $0.5318. This decline in XRP’s price mirrored Bitcoin’s performance, as the leading cryptocurrency fell to $65,521 from nearly $69K on Friday. However, a recovery is already underway in the crypto market. XRP is now trading at $0.5140 as Bitcoin surged back to around the $67K level. Notably, the price movements of both assets underscore how Bitcoin can influence XRP’s price action. Analyst Egrag, a prominent figure in the XRP community, recently suggested potential price targets for XRP based on Bitcoin’s bullish trajectory. XRP to Soar 2,200% if Bitcoin Reclaims $70K In an analysis shared on X, Egrag outlined ambitious targets for Bitcoin this season and the corresponding XRP values. Some of his projections suggest even more significant price levels for XRP than for Bitcoin. https://x.com/thecryptobasic At the top of his list is the expectation for Bitcoin to reclaim the $70K level. Bitcoin has been unable to reach this level since May. Meanwhile, Egrag, like many market observers, believes Bitcoin could ultimately hit this mark before the end of the year. In this scenario, he projects XRP could trade as high as $12. With XRP currently around $0.514, reaching $12 alongside Bitcoin reclaiming $70K would represent an astonishing 2,234% increase for XRP, compared to just a 5% increase for Bitcoin from its current level. Egrag’s ambitious XRP target is significantly influenced by the potential breakout above the 0.000010 level in the XRP/BTC pair. Historically, breaking this level has triggered strong upward movements, and he anticipates a…

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Filed under: News - @ October 26, 2024 2:15 pm