As Bitcoin approaches new all-time highs, cryptocurrency market analysts are paying attention to possible price changes in altcoins like XRP.
Ripple Van Winkle's Forecast on XRP Growth
Analyst known as 'Ripple Van Winkle' expressed confidence that XRP could see significant gains if Bitcoin hits $140,000. He believes that under such circumstances, XRP could exceed the $10 mark and potentially reach $14, reflecting investor expectations of capital redistribution from Bitcoin to altcoins.
Veteran Traders Support XRP
Van Winkle's projection resonates with veteran trader ProfitMana's comments, who also listed XRP as one of his top investment picks for the current bull cycle. He claims XRP has the potential to deliver returns between five and seven times its current value, with a possible peak around $21.
XRP/BTC Pair Analysis as a Market Indicator
A key element in Van Winkle's forecast is the XRP/BTC trading pair, which he referred to as an essential metric for evaluating XRP's breakout potential. Earlier this month, analyst CrediBULL noted that the pair had approached a critical resistance level which if confirmed could signal further gains in XRP value.
Given the current market conditions and renewed investor interest, XRP may emerge as one of the primary beneficiaries of a potential shift toward altcoins. Analysts emphasize the importance of swift action from investors in response to these market changes.
