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XRP Price Tracks Bitcoin—What’s Next for Crypto’s Ripple?

13 hours ago
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Key Notes

  • As XRP follows the Bitcoin price trajectory, analysts remain hopeful of a potential short-term rally for XRP, with targets ranging from $3.6–$4.0.
  • Key support levels at $3 and $2.85 are critical for bullish momentum.
  • EGRAG Crypto explained that maintaining above $3.03 for seven days would mark XRP’s highest monthly full-body candle close.

XRP

XRP
$2.94



24h volatility:
2.7%


Market cap:
$175.08 B



Vol. 24h:
$6.66 B

price volatility over the past week has confused investors about whether the bottom is in, or if more downside is left.

After reclaiming the $3.0 support level, short sellers are now betting against the Ripple-related cryptocurrency, with a massive $1.2 billion in short positions. Some market analysts show how XRP has closely followed the BTC

BTC
$111 618



24h volatility:
2.7%


Market cap:
$2.22 T



Vol. 24h:
$48.95 B

price trajectory in recent weeks.


Is XRP Price Really Following BTC Trajectory?

Market analysts observe that XRP has largely followed the Bitcoin price trajectory over the past few weeks. With Bitcoin retracing from its all-time highs of $124,000 to $112,000, XRP has also faced a similar selling pressure during the same period.

Popular crypto analyst CrediBULL Crypto noted that XRP price can rally to $3.6 to $4.0. However, the author noted that the exact target will depend on the Bitcoin price performance at the time.

CrediBULL Crypto noted that he still expects the spot XRP to hit $10 and more in the long term. Speaking on the development, pro-XRP lawyer Bill Morgan also affirmed that the XRP price action is largely correlated to Bitcoin.

Where Is XRP Heading Next?

As of press time, XRP is once again facing selling pressure, down by 3.14% and slipping under the support of $3.0. Market analysts weigh the importance of how crucial it is to regain above this support, which has acted as a strong resistance in the past.

EGRAG Crypto stated that XRP must remain above $3.03 for the next seven days to record the highest monthly full-body candle close in the token’s history. Another popular analyst, Dark Defender, noted that XRP previously confirmed a bull flag pattern in November 2024, rising from $1.13 to $2.40 as projected.

The analyst now anticipates a similar bullish setup, with targets between $3 and $4.39–$5.85, while identifying key support levels at $3 and $2.85.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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Source: https://www.coinspeaker.com/xrp-price-correlated-bitcoin-what-next/