thecryptobasic.com
An expert, Ergag Crypto, has predicted that $XRP will trade at $10.4 when Bitcoin hits $80,000 if the correlation factor between the two assets touches $0.00013.
XRPL’s native token $XRP might be on its way to a staggering 1,750% surge, as analysis from expert Ergag Crypto is now in play. $XRP could hit $10.4 if Bitcoin makes a 25% move to $80,000.
In a tweet on Thursday, Ergag Crypto pointed to an Atlantic and Pacific line analysis he earlier made about a price correlation between $XRP and Bitcoin. According to the analyst, the macro-view has formed a bottoming structure, and $XRP’s price will explode soon.
Furthermore, the crypto analyst noted that he sees $XRP making reasonable progress on his price prediction in the fourth quarter of the year, which spanned between October and December. Bitcoin and $XRP are notorious for making explosive price movements during this period.
Breakout Could See $XRP Hit $27
Ergag Crypto’s Atlantic/Pacific line analysis also includes a price scenario in which $XRP would hit $27.3. According to the analyst, that was the upper target for the chart, and that is when the correlation factor touched $0.00013. However, Bitcoin would have to trade at $210,000 for that to happen.
In his earlier predictions made in May, Ergag Crypto noted that $XRP/Bitcoin Atlantic and Pacific line mixing would bring two macro-economic targets. The first target was $0.000005, while the second was $0.00013.
For an $XRP/Bitcoin correlation target of $0.00013, the analyst called that $XRP would trade at $10.4, $13, $16.25, $19.7, and $27.3 when BTC hits $80,000, $100,000, $125,000, $150,000, and $210,000, respectively.
Although audacious, they are synchronous with an expert who predicted that $XRP would hit $10 this cycle. An earlier report showed that the analyst based his analysis on $XRP’s potential breakout from a symmetrical triangle, a range it has been trading in since 2021.
$XRP showed price weakness on Thursday amidst a wider market correction. The asset traded at $0.573 at press time, with a market cap of $32 billion.