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Seasoned crypto commentator EGRAG projects that XRP could surge to unprecedented levels if Bitcoin rallies to specific targets like $100,000, $130,000, and $160,000, respectively.
EGRAG’s XRP/BTC Analysis
The widely followed analyst recently took X to analyze XRP’s price action against Bitcoin, XRP/BTC. According to EGRAG, the XRP/BTC tested a crucial support zone labeled “YOLO” (You Only Live Once).
In the October 21 tweet, EGRAG emphasized that the XRP/BTC pair attempted to close above the 0.000010 level but failed due to heavy sell pressure.
This brought the pair to the ‘YOLO’ support level, highlighted in yellow in the chart. Citing historical trends, EGRAG suggested that the XRP/BTC pair requires an impulsive ‘megathrust surge’ to break above the 0.00001 territory.
At press time, the XRP/BTC pair sits at 0.000007360, reflecting a decline of 0.4% in the past 24 hours. This indicates that the pair must surge by 35.86% to hit the 0.00001 range.
XRP/BTC Historical Trends
To forecast XRP/BTC’s future movement, EGRAG first highlighted three previous cycles, which introduced massive spikes. The cycles and their years of occurrence include Cycle A (2014), Cycle B (2017), and Cycle C (2021).
In these cycles, the XRP/BTC pair surged to 0.00007, 0.000245, and 0.00003909, respectively. Interestingly, EGRAG suggested that the current XRP/BTC pair is gearing up for a similar surge that could potentially take it to 0.0000221.
Here’s XRP Price if BTC Surges to $70K, $100K, $130K, $160K, and $200K
In the meantime, the expert highlighted 0.00017 as a crucial level in the XRP/BTC pair that could introduce a massive surge for XRP. At this level, EGRAG suggested that Bitcoin’s future price movements will determine XRP’s value against the USD.
Per EGRAG, if the XRP/BTC pair surges to 0.00017 and Bitcoin trades at $70,000, XRP’s price would spike to $12. This represents an increase of 2,243% from the current price of $0.5120.
In addition, EGRAG forecasted that Bitcoin’s climb to $100,000 would potentially take XRP to $17 so long as the XRP/BTC pair remains at 0.00017. XRP’s potential surge to $17 marks an increase of 3,220% from the current price.
Furthermore, the expert projected that if XRP/BTC holds at 0.00017 and Bitcoin hits the $130,000 target, as predicted by leading asset manager VanEck, XRP would be priced at $22, reflecting an increase of 4,196%.
Also, Bitcoin’s surge to $160,000 would propel XRP’s price to $27, representing a 5,173% surge. Lastly, EGRAG set a target of $34 for XRP should Bitcoin surge to $200,000 when the XRP/BTC pair is at 0.00017.
While this prediction looks enticing, caution is advised. Notably, EGRAG warned that XRP could plunge into bearish territory if its BTC pair falls to 0.00000667.