Analyst Predicts XRP Surge If US Dollar Weakens Further

XRP is currently trading above $2 after a recent rally pushed its price to $2.40. The pullback has remained controlled with support holding.

Key Analysis

  • Crypto analyst Bird highlights the inverse relationship between the US Dollar Index (DXY) and XRP.
  • Historically, periods of DXY weakness in 2017, 2021, and 2024 coincided with significant XRP rallies.
  • The current DXY trend shows a downward movement, suggesting potential for another XRP upswing.

US Dollar Index, XRPUSD

Potential Outcomes

  • If DXY continues to weaken, XRP could reach new all-time highs above $3.65 within months.
  • If DXY strengthens, XRP may consolidate around $2 before any breakout.
  • DXY's next move will be crucial in determining XRP's price trajectory.