Cryptocurrency XRP anticipates a $10 price increase if Bitcoin skyrockets to $150,000, as the XRP/BTC ratio resurfaces to the levels of 2017-2018.
In a fascinating twist of crypto market dynamics, historical data indicates that if Bitcoin peaks at $150,000, XRP might need to reach $10 to maintain the same XRP/BTC ratio as observed during the 2017-2018 bull cycle. This ratio, approximately 0.00006666, was a common sight during the mid and late stages of the last major bull cycle.
Currently, Bitcoin stands at a price of $115,244.81, with a market cap of $2.29 trillion and a 24-hour trading volume of $83.73 billion, according to CoinMarketCap. However, XRP is underperforming Bitcoin, with a 7-day decline nearing 8%.
This potential scenario, while hypothetical, is not without precedent. During the 2017-2018 altcoin boom, XRP's XRP/BTC ratio peaked around 0.00022 BTC per XRP, significantly higher than the current ratio. This shows that XRP can indeed gain substantial ground against Bitcoin during strong altcoin cycles.
However, it's important to note that the specific ratio of 0.00006666 and XRP reaching $10 when Bitcoin is $150,000 has not been observed exactly before. Current analyst forecasts for XRP in 2025-2026 expect XRP to stabilize between roughly $2.5 and $5, with the XRP/BTC ratio predicted to hover around 0.00003 BTC or slightly higher if Bitcoin is around $100K-$120K.
While this scenario remains hypothetical, some market participants have noted plans to lock in profits at the $10 level, with remaining holdings left to capture any further upside. If XRP does reach $10 with an XRP/BTC ratio of approximately 0.00006666, it could indicate a mid-to-late bull cycle.
It's crucial to remember that this scenario is dependent on Bitcoin's trajectory and XRP's comparative strength. Traders may consider exiting a portion of their XRP positions if the $10 price is reached under these conditions.
In conclusion, while there is precedent for XRP gaining market share against Bitcoin during bull runs, the specific scenario of XRP reaching $10 with Bitcoin at $150,000 requires a strong altcoin surge akin to 2017’s conditions. Both Bitcoin and XRP peaked on July 28 before trending downward. The XRP line on the chart shows more volatility compared to Bitcoin, which is a key factor to consider in this potential scenario.
[1] Data source: CoinMarketCap, CoinGecko, and various analyst reports. [2] Data not provided in the text. [3] Analyst caution: Predicting a $10 XRP near a $150K Bitcoin peak without a major altcoin rally comparable to 2017-18.
- If the cryptocurrency market sees a surge akin to the 2017-2018 altcoin boom, XRP's price might reach $10, considering the historical XRP/BTC ratio observed during that period.
- In the event of Bitcoin peaking at $150,000, some traders might choose to lock in profits on their XRP and leave the remaining holdings for further gains, given that XRP's price at $10 would historically indicate a mid-to-late bull cycle for crypto finance.
