{"id":59248,"date":"2025-04-14T23:00:05","date_gmt":"2025-04-14T23:00:05","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=59248"},"modified":"2025-04-14T23:00:05","modified_gmt":"2025-04-14T23:00:05","slug":"is-the-xrp-price-mirroring-bitcoins-macro-action-analyst-maps-out-how-it-could-get-to-71","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=59248","title":{"rendered":"Is The XRP Price Mirroring Bitcoin\u2019s Macro Action? Analyst Maps Out How It Could Get To $71"},"content":{"rendered":"

A crypto analyst has presented a compelling case, suggesting that the XRP price<\/a> may be closely mirroring Bitcoin\u2019s historical macro action. By comparing its multi-year chart patterns and market behaviour, the analyst argues that XRP may be gearing up for a significant price rally<\/a> to $71 and beyond.<\/p>\n

XRP Price Traces Bitcoin Path To Reach $71<\/h2>\n

TradingView crypto analyst RizeSenpai has forecasted<\/a> that XRP could surge explosively to $71. At its current market price, this would represent a staggering 3,281% increase.\u00a0<\/p>\n

The TradingView expert conducted a detailed comparative analysis, drawing striking similarities between Bitcoin\u2019s breakout from its multi-year accumulation range in 2015-2017 and XRP\u2019s current price structure. He points out that XRP\u2019s movements since it was listed on Poloniex in 2014 have closely mirrored Bitcoin\u2019s macro price action<\/a> but at a slower rate, estimated at 65%.\u00a0<\/p>\n

For emphasis, the price chart shows that Bitcoin experienced a sharp surge of 5,424% after consolidating between 2013 and 2016 and finally breaking out in 2017. Similarly, XRP had a big rise in 2017 but has since been stuck trading within a large multi-year range for nearly six years as of the end of 2022.\u00a0<\/p>\n

Recently, XRP broke out of its long-term price range and has been consolidating<\/a> above its old all-time high resistance for several months. Considering its current price action, the analyst assumes that the asset may be attempting to move toward new breakout levels<\/a>.\u00a0<\/p>\n

The TradingView analyst has highlighted the potential for XRP to surge toward a more realistic target of $27 \u2013 $30, near the 1.618 Fibonacci Extension level.<\/a> For reference, he shared a chart comparing Bitcoin\u2019s past bull market breakout and performance with XRP\u2019s current breakout and future price action.\u00a0<\/p>\n

The chart reveals that when BTC broke out, it surged toward the 1.618 Fibonacci level at $61,800 before initiating a secondary run that topped at the 1.902 HOP level. As a result, RizeSenpai predicts that if XRP can completely mirror Bitcoin\u2019s performance<\/a>, it could skyrocket to $27, potentially reaching as high as $71, where the 1.902 HOP level lies.\u00a0\u00a0<\/p>\n

The Token To Surge Above $71 To $120<\/h2>\n

As mentioned earlier, XRP is still trading within a multi-year range breakout similar to Bitcoin\u2019s in its past cycle. As of writing, XRP\u2019s price<\/a> sits at $2.13, having declined<\/a> by more than 11% over the last month.<\/p>\n

Notably, if the altcoin replicates the breakout momentum previously seen in Bitcoin, RizeSenpai predicts an explosive 5,400% increase, pushing its price to a very ambitious target of $120.94. This suggests that the TradingView analyst believes that XRP could exceed its previously projected target of $71 and climb past $120.<\/p>\n

Adding to the weight of this bullish forecast<\/a> is the presence of a monthly Moving Average Convergence Divergence (MACD) Hidden Bullish Divergence<\/a>. This technical indicator is often associated with an uptrend continuation and potential upside momentum.<\/p>","protected":false},"excerpt":{"rendered":"

A crypto analyst has presented a compelling case, suggesting that the XRP price may be closely mirroring Bitcoin\u2019s historical macro action. By comparing its multi-year chart patterns and market behaviour, the analyst argues that XRP may be gearing up for a significant price rally to $71 and beyond. XRP Price Traces Bitcoin Path To Reach […]<\/p>\n","protected":false},"author":0,"featured_media":59249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-59248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/59248"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59248"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/59248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/59249"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}