XRP Price Gears Up For A Major 680% Move Against Bitcoin To Reach $10

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto analyst Javon Marks has predicted that the XRP price could rally 680% against Bitcoin, reaching $10 in the process. The analyst also indicated that the altcoin could rally higher, reaching the $15 target. XRP Price Eyes 680% Rally Against Bitcoin In an X post , Javon Marks stated that the XRP price against Bitcoin looks to be setting up for an over 680% run, which could spark a larger rally for the altcoin. He noted that this could lead to a move to the $10 price point for XRP . The analyst added that this price rally aligns with the current measured move target, which is above $15. Related Reading Why XRP Is Being Hailed As The Top Trade Over Bitcoin And Ethereum 1 day ago An XRP price rally to as high as $15 would mark new all-time highs (ATHs) for the altcoin. Marks had, in an earlier analysis, alluded to how XRP outran Bitcoin by over 240%, when it rose by over 570%. As such, the analyst is confident that the altcoin could again significantly outperform the leading crypto. Source: Chart from Javon Marks on X His accompanying chart showed that the XRP price could record this 680% rally against Bitcoin next year, a period which could mark a new bull market cycle for the crypto market. It is worth noting that XRP was one of the standout performers at the start of the year, outperforming Bitcoin and other major crypto assets, which led to CNBC describing it as the trade of the year . At the moment, the XRP price is facing downside pressure alongside Bitcoin and the broader crypto market due to the ongoing war between the U.S. and Iran. XRP has typically mirrored BTC’s price action during this period, declining when Bitcoin does and rallying when it does. XRP’s Price Action Is Still Corrective In an X post , crypto analyst Egrag crypto stated that the XRP price is still inside a descending channel and that momentum is currently corrective, not impulsive. As long as the altcoin remains within this channel, the analyst declared that XRP is in a distribution phase rather than a breakout. Related Reading XRP Price Gears Up For A Major 680% Move Against Bitcoin To Reach $10 Just now For the XRP price to flip bullish, Egrag Crypto stated that the first trigger will be $1.55, with a major invalidation of the bearish structure a weekly close above $2.20. A rally to this level could trigger a bullish continuation, opening the door to a rally to between $2.70 and $3.60, and then a new ATH will be on the cards. For the bearish scenario, Egrag Crypto predicted that the XRP price could drop to the $0.95 to $0.85 macro support if the altcoin faces rejection below the $1.55 level. He stated that there is a higher probability of the altcoin facing a deeper sweep to the downside than an early breakout reclaim. At the time of writing, the XRP price is trading at around $1.35, down in the last 24 hours, according to data from CoinMarketCap. XRP trading at $1.39 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Freepik, chart from Tradingview.com