The future trend of XRP is at a critical juncture, and the next move may determine its medium and long-term development direction. According to the analysis of the well-known trader Credible Crypto, the performance of XRP is highly dependent on the trend of Bitcoin, and both assets are currently between key technical support and resistance levels.
Market analysis indicates that as Bitcoin approaches the psychological barrier of $100,000, XRP may also accelerate its rebound under the positive sentiment. Some observers even speculate that XRP may return to its historical high of $3.38 faster than expected. Given the recent increase in XRP's trading volume and market sentiment, its performance will undoubtedly be closely watched.
The next few weeks will be a critical observation period for the trend of XRP. If Bitcoin continues its strong upward trend, XRP is expected to follow the overall market and rise, paving the way for further breakthroughs. At the same time, market participants should also be alert to potential correction risks and ensure flexibility in their strategies amid the volatility.
Potential Path for XRP to Reach $2
XRP's recent performance has indeed been impressive, with its value soaring 90% in just 90 days. This growth exceeds the 51% increase in Bitcoin and the 20% increase in Ethereum during the same period. The strong momentum of XRP suggests that the market is undergoing a transformation, and many expect its performance to outperform Bitcoin and Ethereum.
According to Credible Crypto, if XRP maintains its current range stability, it may surge to over $2. For it to continue rising without a significant correction, Bitcoin must remain above $94,000.
However, if Bitcoin maintains this level, XRP is likely to remain above $1.10 and set new highs.
Trouble from a Bitcoin Crash
On the other hand, if Bitcoin falls and breaks below $94,000, XRP is expected to follow suit and fall below the $1.10 support level. This decline would mark the completion of XRP's first major wave 1, which has pushed the token from $0.48 to the recent high of $1.62.
Such a decline could lead to a significant correction, opening the door to potential buying opportunities.
Will This Be the Last $1 Dip?
If XRP falls below $1.10, Credible Crypto believes this could present an excellent opportunity for investors to accumulate the token, especially in the range of $0.48 to slightly below $1.10.
Meanwhile, if XRP maintains its position and achieves the fifth wave extension, the trader predicts that the token may not fall below $1 again, marking the beginning of a new era of bullish momentum.
Currently, the XRP price has surged to $1.43, with a weekly gain of 27%, and a market capitalization of $82 billion.
