Bitcoin Eyes $150K as XRP Coils Up, How High Could the Price of XRP Go?

Despite recent Bitcoin (BTC) price crash, it hovers above $106K and is attempting a recovery. With a strong correlation between BTC & XRP

Historical data shows that XRP often mirrors Bitcoin's bullish momentum, especially during altcoin seasons. With amplified gains during such periods, 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.

Bitcoin Eyes $150K as XRP Coils Up

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.

XRP's Asymmetric Gains vs. Bitcoin are Undeniable:

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.

Analyst Predicts How XRP Price Could Hit $20

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.Frequently Asked Questions (FAQs)

1. How high could XRP price go if Bitcoin hits $150,000?

If Bitcoin can recover and reach $150,000, XRP price could potentially rise to $3 or even $20. However, it's important to note that these are predictions and actual price movements may vary.

2. What is the historical correlation between XRP and Bitcoin?

XRP price tends to mirror Bitcoin's bullish momentum, especially during altcoin seasons. When Bitcoin experiences significant gains, XRP follows suit, but with a greater magnitude, especially during periods of heightened market volatility or "corona crashes."

3. What conditions need to be met for XRP to reach $20?

For XRP to have a shot at reaching $20, Bitcoin needs to reclaim $110,000, and the Fed needs to pivot on interest rates. These events would create an environment more favorable for risk-on assets like cryptocurrencies to thrive.