Highlights
Historical data shows that XRP often mirrors Bitcoin’s bullish momentum. With amplified gains during altcoin seasons, how high could XRP price go if Bitcoin hits $150,000? Analysts suggest XRP could break past $3 and hit $20, especially if it breaks out of a key chart pattern.
Despite recent Bitcoin (BTC) price crash, it hovers above $106K and is attempting a recovery. With a strong correlation between BTC & XRP, investors are wondering how high XRP price could go if Bitcoin hits $150,000 next.
For Bitcoin to hit $150,000, it would need to rally nearly 40% from the current level of $107,000.
All these data points indicate that when XRP price rallies, it explodes, but when it crashes, it is almost close to or slightly lower than BTC. This indicates that XRP’s positive skew and low drawdowns make it a good altcoin for investment.
If Bitcoin were to embark on a full-blown bull run and tag $150,000, XRP price would easily outperform BTC. At press time, however, XRP price trades around $2.34, and coils up inside a falling wedge pattern.
Assuming Bitcoin manages to get out of the short-term corrective phase and reclaims $110,000, it would be an easy road toward the $150,000 mark, provided a few conditions are met.
These events would drastically improve the conditions for a risk-on scenario and increase investor appetite. Such an environment would be better for cryptocurrencies like Bitcoin and XRP to thrive.
A popular analyst Amonyx identifies a repeating pattern in XRP’s price action:
Trimming down his estimates using Elliot Wave analysis, Amonyx adds that there’s “nothing stopping XRP from $20+ now.” Investors looking to invest in XRP need to watch these triggers – if Bitcoin clears $110K and the Fed pivots, XRP’s path to $20 could accelerate substantially.
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