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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.