XRP to $249? Expert Projects 48,025% XRP Rally, Citing Price Correlation with BTC

2y ago•

bullish:

bearish:

Crypto analyst oaksacorn projects a 48,025% XRP rally to an ambitious $249 price, citing past and future price correlations with Bitcoin’s (BTC) movements.

The analyst made this prediction in a chart recently published on TradingView. Titled ‘Jesus Christ, Mr. Pool & Biggie Smalls,’ the chart presents a fascinating analysis of XRP’s price movements in correlation with Bitcoin’s.

In his analysis, oaksacorn starts by drawing parallels between Bitcoin (BTC) and its 2015 cycle, implying that BTC is likely following a similar trajectory.

According to this hypothesis, BTC could reach a staggering $215,000 by September 2024, potentially paving the way for XRP to surge to $43. It’s a bullish scenario that hinges on BTC’s historical patterns.

However, what truly piques the interest of the crypto community is the subsequent forecast. If Bitcoin replicates its 2015 to 2017 cycles, oaksacorn suggests that BTC could trade at a mind-boggling $1,247,000.

Extrapolating from this, the analyst speculates that XRP could reach an astonishing $249. Interestingly, this price point would necessitate an extraordinary 48,025% rally. As a result of the rate of increase, market participants remain skeptical.