A crypto analyst predicts a potential surge for XRP depending on Bitcoin’s future.
If Bitcoin rises above $67,000, then XRP might rebound and regain its bullish momentum
XRP turned bullish after the Court reduced Ripple’s penalty fee than the proposed amount.
A crypto analyst predicts that XRP could surge if Bitcoin breaks above $64,000. The analyst, known for his insights on X, believes XRP’s price is currently “holding strong” and could regain bullish momentum if Bitcoin performs well.
#Ripple is holding strong! #XRP might rebound and regain bullish momentum if #Bitcoin gets above $67,000. pic.twitter.com/r4vGy9DOWG
— The Moon (@TheMoonCarl) October 14, 2024
The analyst’s chart shows his expectations for XRP, suggesting it could climb above the upward trendline that began from a July 5th swing low. If XRP reaches this trendline, it could continue to rise and break through the resistance around $0.65.
Over the past two months, XRP maintained a sideways range, trading between $0.50 and $0.67. Several analysts assumed that this movement was triggered by users who were awaiting the verdict in the lawsuit between Ripple and the SEC.
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