The post Analyst Predicts XRP Price Could Reach $40 If Bitcoin Hits $231,000 appeared first on Coinpedia Fintech News
Analyst Mickle recently opened up about how XRP remains one of the few digital assets to hold value against Bitcoin over the long term. Most cryptocurrencies lose ground when compared to BTC, but XRP has maintained a consistent range since its launch. It has alternated between periods of being undervalued and overvalued against Bitcoin, showing unusual price stability.
Since the SEC case ended, XRP has strengthened further against Bitcoin. This consistent performance, according to Mickle, shows its resilience and potential as a long-term asset within the digital currency market.
“So XRP is one of the few cryptocurrencies in history that actually has had positive performance against Bitcoin for the majority of its history,” the analyst said in an interview with Paul Barron.
How XRP Could Hit $40–$50
Mickle calculated that if Bitcoin’s price reaches around $230,000 to $231,000, XRP could trade in the $40–$50 range. This projection is based on past ratios between XRP and Bitcoin rather than speculation. He says XRP’s price movement will likely repeat its historical pattern once Bitcoin reaches a new peak.
“If Bitcoin was at $230,000 and XRP reached that kind of higher point where it was more overvalued against Bitcoin, the math for that is about a $40 to $50 XRP. I find it extremely interesting to see XRP continuing to hold value and actually appreciate against Bitcoin,” he explained.
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The reasoning reflects market data showing that XRP has repeatedly returned to its upper valuation range during previous bull runs. If Bitcoin achieves six-figure prices, XRP’s relative strength could push it to record highs.
Short-Term Price Outlook
Analyst Javon Marks has outlined a near-term scenario where XRP could rally to around $4.80 following a smaller breakout and retest formation. The token recently reclaimed the $3 mark, which may show that accumulation and early momentum are building again.
Short-term weakness in the broader market may have already been priced in. The current movements show early signs of recovery as XRP begins another upward leg.
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FAQs
XRP has shown unusual resilience, often maintaining or gaining value against Bitcoin over the long term, which is rare in the crypto market and signals its relative strength.
XRP has shown strengthened performance against Bitcoin following the conclusion of its long-running legal case with the U.S. Securities and Exchange Commission (SEC).
Analysts highlight XRP’s long-term resilience against Bitcoin and potential for significant growth in a bull market, but all crypto investments carry high risk and require personal research.
The post Analyst Predicts XRP Price Could Reach $40 If Bitcoin Hits $231,000 appeared first on Coinpedia.org.
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