In a broader market rebound, XRP has gained significant traction in the financial markets. As Bitcoin continues to break records, it is expected to reach the next milestone, which will also positively impact other cryptocurrencies. Amidst all this, a top cryptocurrency market analyst predicts that if Bitcoin breaks the $100,000 mark and sparks speculation, XRP will rise to $2.2.
Top analyst Egrag Crypto shared his insights on Bitcoin and XRP on X. He pointed out that XRP is currently down 42% against Bitcoin, as he had predicted earlier in May 2024. However, he claims this lays the groundwork for a large-scale rotation.
"As XRP/BTC takes a hit and BTC/USD skyrockets to an all-time high, we will see BTC's dominance decline. At that point, liquidity rotation will begin quickly and violently!" he pointed out.
Has XRP reached its peak?
Analysts say that as BTC/USD approaches an all-time high, its dominance will decline, triggering liquidity rotation. If BTC reaches $100,000, this rotation could drive XRP down to $0.000022, equivalent to a price of $2.2.
Moreover, he believes that this time, XRP is likely to be among the top-performing assets in the top 100. He also predicts that Bitcoin will soar to between $150,000 and $180,000 in the coming days. As Bitcoin is about to reach the next milestone, the inventor is closely monitoring XRP's movements.
Brad Garlinghouse sees hope
In a recent post on X, Ripple CEO Brad Garlinghouse shared some thoughts on what the Trump administration means for cryptocurrencies while also acknowledging the patience and unwavering support of the XRP family.
He recalled that a lot has happened since XRP became the second most valuable digital asset, noting that at times it has been a frustrating journey.
But ultimately, four years after the SEC sued Ripple, as external "unnatural and manipulative" market factors gradually fade away, he sees a glimmer of hope at the end of the tunnel. He also noted that headwinds are turning into tailwinds, and for those who believe in XRP's future, the opportunities are immense.
After Trump won the cryptocurrency industry's election, the industry eagerly awaits clarity on digital asset regulation. Expectations soared that Gensler might soon exit during President Trump's term. There is also speculation that the Ripple lawsuit could have results or a settlement.
