Cryptocurrency market analysts are increasingly discussing XRP's potential rise in price amid Bitcoin's strengthening. Experts suggest that Ripple could reach $14 if Bitcoin continues its upward trajectory.
Current Trends Analysis for XRP
Bitcoin's recent rise to $120,000 has sparked interest in altcoins, particularly XRP. The increase of Ripple's market share by 26% indicates a shift in traders' focus towards alternative cryptocurrencies.
Ripple Van Winkle and Other Analysts' Predictions
Ripple Van Winkle, who identifies as a crypto researcher, stated that XRP could rise to $14 if Bitcoin reaches $140,000. He refuted the notion that XRP would stop at $7. Veteran trader ProfitMana also included XRP among his top picks for the current bull cycle, predicting a 5-7X increase in XRP's price.
Technical Signals and the Cryptocurrency Market
Analysts note that the XRP/BTC pair has broken key resistance, opening the door for further increases. If the cryptocurrency continues to rise, it may benefit from capital rotation from Bitcoin to altcoins.
With increasing trader interest in altcoins and the rise in Bitcoin prices, XRP may become one of the leading cryptocurrencies in the coming months. If the current trend continues, reaching $14 could serve as a catalyst for Ripple to achieve higher market positions.
