XRP price could soar to $20 if Ripple’s leadership aligns with Binance’s CZ, who predicts $1M Bitcoin surge soon.

XRP price could hit $20 if Ripple’s leadership aligns with Binance’s CZ, who predicts $1M Bitcoin surge soon. Moreover, as reported by Coingape, there is a possibility we have a XRP strategic reserve similar to Bitcoin reserve in 2026.

XRP Price Forecast Today: Bulls Eye Recovery to $2.33 as Trendline Support Holds

In the realm of cryptocurrency, XRP price is currently trading at $2.12, showing a marginal decrease of 1.49% for the day. However, the token remains structurally bullish despite the recent retracement.

As highlighted in the XRPUSD daily chart, XRP price is consolidating just above its ascending trendline support, a critical level that has sustained the broader uptrend since late March.

A retest of the $2.08 support level on Wednesday, which coincides with the trendline and 100-day SMA, suggests that bulls are defending this zone with conviction, preventing a deeper breakdown towards $1.90.

The daily chart also reveals that XRP is remaining wedged between the 50-day SMA at $2.17 and the lower support band, setting the stage for a technical pivot.

While the recent pullback has seen XRP price pierce below both the 10-day and 21-day EMAs, the fact that the price has not formed a lower low suggests that the uptrend remains intact.

In the technical analysis, if support at $2.08 holds and price breaks above the $2.17 level again, then the next key resistance is the $2.33 zone, which is the next major supply level and also coincides with the 200-day moving average.

Conversely, failure to reclaim $2.17 in the coming sessions would shift the near-term risk back to $2.00 and possibly $1.90.

Ripple price set for parabolic rally as Changpeng Zhao says Bitcoin will hit $500,000-$1 million

Binance CEO Changpeng Zhao predicts a staggering rise for Bitcoin price, potentially touching $500,000 to $1 million. This prediction, shared during a recent interview, is fueled by several factors.

As reported by Benzinga, Zhao anticipates a surge in institutional interest and the introduction of state-level crypto reserve bills as major catalysts for Bitcoin’s ascent.

His prediction sees Bitcoin price surging to new highs of $500,000 to $1 million, a multiple of its current price and a testament to the potential for cryptocurrency to gain value.

However, reaching such heights would depend on several factors, including sustained adoption by major institutions like BlackRock and the integration of crypto into mainstream financial products and payment systems.

Moreover, the interview highlighted the role of U.S. state-level legislation in establishing cryptocurrency reserves, which could further boost Bitcoin’s value.

Earlier this year, Trump’s executive order listed five key digital assets for reserves, which includes XRP.

The interview also touched upon the possibility of a Bitcoin strategic reserve, an idea that has been met with mixed reactions within the cryptocurrency community.

The prospect of a Bitcoin reserve being announced in 2026 is also a factor that could influence Bitcoin’s price trajectory.

With the upcoming decision on spot Bitcoin ETFs in June and the potential for a pro-crypto president in the 2024 elections, the stage is set for a continuation of Bitcoin’s bull run.

However, it remains to be seen whether Bitcoin price will hit the $1 million mark or if it will stall at lower levels.

The interview provides valuable insights into the market trends and institutional interest that could shape the future of Bitcoin and the cryptocurrency industry at large.

As the dust settles on the 2024 presidential election and the dust settles on the 2023 midterm elections, it will be interesting to observe whether Bitcoin price follows CZ’s projected path and if XRP manages to repeat previous patterns where it closely-tracked BTC rallies to all time highs in 2021 and 2024 respectively.

XRP’s unique positioning as a bridge currency across cross-border payment platforms may amplify that effect.

Here’s Ripple Price Prediction if Bitcoin Hits $1 Million According to Changpeng Zhao’s Prediction

At press time, XRP is trading hands at $2.10 per coin and has a market capitalization of $124 billion.

At this level, XRP price is up 22.5% month-to-date and is riding a wave of optimism from the institutional sector.

If Bitcoin hits $1 million, as Changpeng Zhao predicts, then it is possible to see XRP rallying 8x from these levels.

This would take XRP to around the $20 mark, assuming that it maintains relative correlation to BTC’s market momentum.