This Trader Updates His XRP Price Prediction for When Bitcoin Hits $100K

According to EGRAG Crypto, a top analyst, XRP's recent performance against Bitcoin (BTC) is setting up for a potential bullish shift.

A popular crypto analyst known as EGRAG Crypto has observed a recent trend in XRP’s performance against Bitcoin (BTC) that could pave the way for a potential bullish shift.

According to the analyst, XRP’s performance against BTC has been setting up for a positive move in the coming months. In his analysis, Egrag notes that XRP/BTC has dropped by about 42% since May 2024, a dip that Egrag previously predicted.

This recent performance, however, could be setting up for a liquidity rotation where XRP might see substantial gains as BTC moves closer to the anticipated $100,000 mark. In his recent update, Egrag highlights a roadmap for XRP.

As BTC/USD hits new highs, Egrag notes that BTC dominance could decrease, shifting liquidity toward altcoins like XRP. His analysis suggests that XRP may lead gains among the top assets, with a potential price target of $2.2 if BTC reaches $100,000.

At press time, XRP trades at $0.5526, showing a 0.67% rise in the past 24 hours and a 7.69% increase over the past week. Bitcoin, on the other hand, trades at $76,510.36. It has seen a 0.59% increase in the last 24 hours and a 9.71% rise over the past week, according to data from CoinGecko.

Both tokens show positive momentum, with Bitcoin nearing historical highs, which Egrag suggests could catalyze XRP’s upward movement in the coming months.

EGRAG Crypto recently covered XRP in his analysis, highlighting its potential to emerge as a top-performing asset among the leading 100 cryptocurrencies.

His analysis underscores a broader sentiment within the XRP community, often referred to as the #XRPArmy, encouraging them to remain patient and focused. This sentiment aligns with the community’s anticipation of XRP’s breakout and sustained growth.

Meanwhile, as both assets continue their respective trajectories, this potential liquidity shift signals interesting opportunities for those tracking both assets closely, especially within the top 100 assets.

With Bitcoin’s value steadily climbing toward the anticipated peak valuation, investors may see verstärkte interest in XRP as a leading alternative with strong growth prospects.

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