XRP Price Prediction: Could Ripple’s XRP Surge to $2.2 if Bitcoin Hits $100K?

Analyst’s Bold Call: XRP to $2.2 if Bitcoin hits $100K

EGRAG CRYPTO posted on X (formerly Twitter) that XRP will rally if Bitcoin breaks $100,000. His prediction is based on the concept of “liquidity rotation” where capital flows from Bitcoin to altcoins when BTC dominance peaks.

https://twitter.com/euromachine1/status/1854896519524028740

EGRAG notes that XRP is down 42% against BTC and thinks that could be the setup for a big comeback. If Bitcoin hits $100,000 he thinks XRP could go to 0.000022 BTC which is roughly $2.2.

Reasons

• Bitcoin’s Rally Potential: Institutional interest and potential Bitcoin ETFs could push BTC to 6 figures and then the broader crypto market will surge.

• Altcoin Liquidity Rotation: When Bitcoin hits new highs, historical trends show liquidity flows to altcoins, XRP’s window of growth.

• Regulatory Optimism: Progress in Ripple’s lawsuit and changing US regulatory attitude may clear the way for XRP, boost investor confidence.

Ripple’s SEC Lawsuit: Regulatory Clarity Coming Soon?

The Ripple vs. SEC lawsuit started in 2020 and is a key factor in XRP’s price. Many think a resolution is near, especially with Trump’s recent win and a more crypto friendly SEC under new leadership. Regulatory clarity could make XRP more attractive to institutional investors and fuel XRP ETF speculation.

https://twitter.com/GorillaPodcast1/status/1854883727396032805

What’s XRP to do?

As Bitcoin goes up, many think an altcoin season will follow and XRP will benefit. If Bitcoin hits $100,000 XRP could go to $2.2 and that’s a big gain for investors. Plus Ripple’s recent innovations including stablecoin projects and UAE expansion shows the company is focused on global growth.

Points to Note:

• XRP to $2.2 if Bitcoin hits $100,000.

• Ripple’s lawsuit and Trump’s win could bring regulatory clarity.

• Bitcoin’s rally could trigger altcoin season and XRP will surge.

As 2024 unfolds, XRP stands at a critical juncture, with regulatory developments and Bitcoin’s performance shaping its path forward.

The XRP/USD chart on a 2-hour timeframe shows a clear uptrend, supported by a rising trendline. The price is currently trading at around $0.555, maintaining a position above the key support level of $0.5446, which could serve as a critical pivot for further upward momentum. The next major resistance is at $0.5619, followed by a stronger level at $0.5745.

The 200-period moving average, shown in blue, is positioned below the current price at around $0.5374, indicating bullish momentum. Meanwhile, the RSI sits around 63, suggesting moderate buying pressure without being overbought yet, which may allow for additional gains.

If XRP breaks above $0.5619, it could target the next resistance at $0.5745. However, a decline below the $0.5446 support might trigger further downside to $0.5374. Traders should watch for RSI movement as an early indicator of potential trend changes.