Crypto analyst CryptoInsightUk has once again given his projections as to the future trajectory of the XRP price. This time, the analyst predicts that the crypto token could enjoy unprecedented against the flagship cryptocurrency, Bitcoin. However, there is a caveat for this to materialize.
How XRP Could Gain 1500% Against Bitcoin
In a post shared on his X (formerly Twitter) platform, CryptoInsightUk said that XRP could see a move up to 1500% against Bitcoin. This, he stated, will happen if the crypto token could break and hold above the top grey box in the accompanying chart he shared. However, even if that doesn’t happen, he still expects XRP to make significant gains against Bitcoin.
Source: X
He had earlier laid out another scenario where XRP makes an 88% move against Bitcoin. The crypto analyst seemed more confident in this happening as he mentioned that it looks like it is just a “matter of time” before this move-up happens. Many will, however, be hoping that the move of 1500% also actualizes at some point.
CrytoInsightUK happens to be one of those who are very bullish on XRP’s future trajectory. The crypto analyst had previously suggested that XRP could recapture the 61,000% gain it saw back in 2017. He highlighted how the token was in a better place and had a lot of potential. He also alluded to how the token is in a “unique position” considering that it has gained legal clarity.
Token price shows strength | Source: XRPUSD On Tradingview.com
Stronger Than Bitcoin
Crypto analyst Egrag Crypto recently asserted that XRP is stronger than BTC. He made this statement in relation to the fact that XRP is trading at a higher price level now, with Bitcoin currently trading at around $42,000, than when the flagship cryptocurrency was trading at this same level two years ago. XRP is said to be trading at 0.00000637 BTC back then.
According to Egrag, XRP’s 129% gain against Bitcoin highlights the former’s strength. It also cements “XRP’s dominance” in the market cycle. Meanwhile, the crypto analyst once again called for patience from the XRP community as he says that XRP hitting between $1.3 and $1.5 is on the horizon.
The bullish price predictions keep flowing in as the bull market draws near. Patrick Riley, the founder of Reaper Financial, also recently stated that XRP will hit $22 at the peak of the next bull run. Interestingly, he even went on to assert that the crypto token will surpass Bitcoin at some point.
At the time of writing, XRP is trading at around $0.61, up almost 1% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Quora, chart from Tradingview.com
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Source: https://www.newsbtc.com/analysis/xrp/xrp-1500-against-bitcoin/