Could XRP Price Follow Bitcoin’s Trends? Analyst Predicts Potential Rise to $71

An analysis suggests that the XRP price could follow Bitcoin’s historical trend and rally to $71 and beyond. The analyst points out similarities in chart patterns and market behavior between the two assets.

RizeSenpai, a TradingView crypto analyst, has predicted a potential surge in XRP price to $71, representing a significant 3,281% increase from its current level.

By comparing XRP’s movements since 2014 to Bitcoin’s historical price action, the analyst highlights the possibility of a breakout similar to Bitcoin’s surge after consolidating in 2013-2016.

With XRP recently breaking out of a long-term price range and consolidating above its old all-time high resistance, the analyst suggests a potential move towards new breakout levels.

Looking at past performance, RizeSenpai predicts that XRP could reach $27 – $30 in the near future, with a potential to surge even higher to $71 based on Bitcoin’s historical breakout levels.

XRP, currently priced at $2.13, could potentially see a massive 5,400% increase to reach a target of $120.94, exceeding the previously projected $71 target, according to the analyst.

The presence of a monthly Hidden Bullish Divergence in the Moving Average Convergence Divergence (MACD) adds weight to the bullish forecast for XRP’s price movement.

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