Does the price of XRP reflect Macro Bitcoin? The analyst sets how it can reach $ 71
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An analyst of encryption provided a convincing case, indicating this XRP price It may closely reflect the historical total work of Bitcoin. By comparing the patterns of multi -year plans and market behavior, the analyst argues that XRP may prepare for High price height To $ 71 and beyond.
The price of XRP tracks the Bitcoin path to reach $ 71
Crypto TradingView Rizesenpai analyst Expected XRP can rise explosive to $ 71. At the current market price, this will be an amazing increase of 3,281 %.
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TradingView expert conducted a detailed comparative analysis, drawing amazing similarities between Bitcoin’s outbreak of multi-year accumulation in 2015-2017 and the current price structure of XRP. It indicates that the XRP movements, since it was inserted into Poloniex in 2014, was closely reflected Make the total bitcoin price But at a slower rate, it is estimated at 65 %.
In order to focus, the price scheme shows that Bitcoin witnessed a sharp increase of 5424 % after its merging between 2013 and 2016 and finally erupted in 2017. Likewise, XRP was a significant increase in 2017, but since then it was traded in a large multi -year range for approximately six years until the end of 2022.
Recently, XRP erupted from the long -term price range and was Monotheism Above his old resistance at all for several months. Given the current price procedure, the analyst assumes that the original may try to move towards New collapse levels.
TRADINGVIEW analyst is the possibility of increasing XRP towards a more realistic goal than 27 to 30 dollars, near 1.618 Fibonacci extension level. To return to it, share a scheme that compares the performance of the previous Bitcoin in the Taurus market and the performance with the current measures of XRP and future prices.
The graph reveals that when BTC erupted, it rose towards the level of 1.618 Vibonacci at $ 61,800 before a secondary starting starting up to 1.902 jump. As a result, Rizesenpai expects that if XRP can completely reverse Bitcoin performanceIt can rise to $ 27, which may reach $ 71, as the level of 1.902 leap is.
Distinctive symbol to rise above $ 71 to $ 120
As we mentioned earlier, XRP is still circulating within the outbreak of a multi -year -old scan similar to Bitcoin in its previous session. As of writing, XRP price Sitting in $ 2.13, existence Decline More than 11 % during the past month.
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It is worth noting that if Altcoin repeated the distinguished momentum that was previously seen in Bitcoin, Rizesenpai predicts an increase of 5400 %, which prompted its price to a very ambitious goal of $ 120.94. This indicates that the TradingView analyst believes that XRP can exceed its expected goal, which is $ 71 and exceeds $ 120.
In addition to the weight of this The upcoming expectations It is the presence of average average monthly moving rapprochement (MACD) The hidden bullish difference. This artistic indicator is often constantly associated with the bullish trend and potential bullish momentum.
Distinctive image from Adobe Stock, Chart from TradingView.com
