XRP Price Could Reach $71, Mirroring Bitcoin’s Historical Trends
A crypto analyst suggests that XRP may follow a pattern similar to Bitcoin’s historical price movements, potentially rising to $71. This prediction implies a 3,281% increase from its current market price.
XRP Price Analysis
- Analyst RizeSenpai forecasts XRP could reach $71 based on comparative analysis with Bitcoin's breakout from 2015-2017.
- XRP has mirrored Bitcoin’s price action but at a slower rate, approximately 65% of Bitcoin's movements.
- Bitcoin surged 5,424% after breaking out in 2017; XRP experienced significant growth in 2017 but remained in a multi-year trading range since then.
- XRP recently broke above its previous all-time high and is consolidating, indicating potential upward movement.
- The analyst identifies a more realistic target for XRP between $27 and $30, near the 1.618 Fibonacci Extension level.
Potential Surge Beyond $71
- Currently, XRP trades at $2.13, down over 11% in the past month.
- If XRP mirrors Bitcoin's breakout momentum, analysts predict a rise to $120.94, reflecting a possible 5,400% increase.
- A monthly MACD shows Hidden Bullish Divergence, suggesting continued upside momentum.
