- Egrag suggests a 555% XRP surge to $4.43 if Bitcoin hits $100,000, reflecting past market cycles.
- Potential XRP targets range from $4.43 to $8.86, aligned with Bitcoin rising between $100K and $200K.
- Unique market factors could impact the token’s gains, posing risks if the projected 555% surge isn’t achieved.
Egrag Crypto has provided forecasts for XRP investors, indicating what holders can expect in case Bitcoin surges to new records. In a recent X post, an analyst painted a picture of how XRP could rally in tandem with Bitcoin. These projections are rather fascinating for XRP investors waiting for the next Bitcoin bounce.
The first part of the analysis builds a fictional situation when the Bitcoin price reaches $100,000. This means that if XRP once again follows the pattern of the previous market cycles, it would increase to 0.00004431 BTC that means it will have a 555% gain.
XRP’s Potential Gains
This would translate to about $4.43 Ripple token for every single Bitcoin at a $100,000 Bitcoin price. The potential gain shows that there is a great possibility for token holders to earn big profits should Bitcoin sing the rally again.
The projections also continue for multiple Bitcoin price levels. At $130k, Bitcoin might be, and the token could be at $5.76. If Bitcoin would reach the $150,000 mark, then coin is estimated to reach at $6.64, and if Bitcoin is valued at $170,000 then it could reach $7.53.
Even a $200,000 price peak for Bitcoin may be enough to take XRP to around $8.86. This shows the possibility of token rising to much higher value if Bitcoin is to rise furthe. At the time of writing, Ripple coin is worth $0.5197, a 1.63% increase in the past 24 hours.
Source: Tradingview
Ripple’s Market Challenges
If XRP fails to deliver the expected 555% rise , it could be an indication of a certain ‘Black Swan’ which affects Ripple coin. It could also slow down token’s anticipated appreciation compared to Bitcoin and that is a factor that investors should look at.
Although, there are certain risks involved in purchasing cryptocurrency as the ‘XRP Army’ still believes in the token. The community keeps on emphasizing the long-term price prediction of Ripple’s for being 0.00013 BTC. This target, far beyond the 0.00004431, provides a positive outlook for these holding XRP particularly if the value of Bitcoin rises in the following months.
These insights have attracted the attention of Ripple coin investors and crypto traders observing the market closely. As the possibility of a great year for Bitcoin in 2024 emerges, the behavior of Ripple against BTC tells a different story in the crypto market, giving investors a new perspective when planning for the future of cryptocurrencies.