Ripple Can Shoot Up By 1,500% If XRP Breaches This Level: Analyst

According to crypto analyst Cryptoinsightuk, Ripple’s XRP token appears ripe for a significant price surge when valued against bitcoin. In a recent tweet, Cryptoinsightuk highlighted XRP’s position near the bottom of its historical trading range versus BTC:

“We are sitting at the bottom of the Ripple $XRP / $BTC range. It looks as if an it is only a matter of time for $XRP to make a 88%+ move vs $BTC.”

Cryptoinsightuk points out that XRP is currently bouncing along support near the bottom of the multi-year range versus bitcoin, as can be seen in the chart below:

If XRP can break out above the top end of this range, the analyst sees much bigger gains in store:

He stated that the real fun begins if the price can break and hold above the top grey box. A break above this box could see a move up to 1,500% versus BTC.

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The coming days and weeks could be make-or-break for XRP as it battles to break out against BTC. Crypto traders will be watching closely to see if and when Ripple can finally overcome this key hurdle.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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