Crypto Analyst Outlines XRP Price Targets Based on Bitcoin’s Trajectory
Crypto analyst Dr Cat (@DoctorCatX) has outlined a roadmap for the XRP/BTC pair, focusing on Ichimoku cloud indicators and Bitcoin's price trajectory. Key points include:
- Target of 5,200 satoshis by June, facing multiple resistance levels.
- Estimated 90% chance that initial attempts to close above Kijun Sen will fail, suggesting a prolonged timeframe for breakout.
- Current monthly chart indicates strong resistance near the Kijun Sen due to thick kumo, impacting potential price movements.
- If breached in May–June, XRP could reach $4.5-$6, contingent on BTC trading between $90,000 and $120,000.
- Alternative scenario involves range-bound trading leading to consolidation or significant price shifts towards 12,000 satoshis, equating to $30 if BTC rises to $250,000–$270,000.
- Emphasis on the influence of Bitcoin's performance on XRP's price ceilings.
XRP is currently priced at $2.10.
