XRP Bulls Eye $19.22 as Bitcoin Rival

XRP, the native cryptocurrency of the Ripple network, has been demonstrating remarkable strength against Bitcoin (BTC) in recent weeks, according to a prominent cryptocurrency analyst. EGRAG CRYPTO (@egragcrypto) shared a technical analysis on Twitter, highlighting a formation that he described as "undeniably super bullish," with key Fibonacci levels indicating substantial upside potential for XRP against BTC.

The analyst's chart outlines important resistance and support zones, marking Fibonacci retracement targets that could shape XRP's trajectory. The first significant level is the 1.272 Fibonacci retracement at 0.000072 BTC, which translates to approximately $6.02 at Bitcoin's current price of $83,545. Beyond that, the 1.414 level sits at 0.000095 BTC, or around $7.94, while the 1.618 level reaches 0.00014 BTC, equivalent to $11.70. The highest outlined target is the 1.888 Fibonacci extension at 0.00023 BTC, placing XRP at approximately $19.22.

These projections indicate a strong potential rally for XRP if the trend continues. At $19, XRP would have flipped Ethereum and would be the second-largest asset in the market, aiming for Bitcoin's throne. However, the analyst also warns that maintaining the current trajectory is crucial, with the 0.618 Fibonacci retracement level (0.000020 BTC or approximately $1.67) acting as a key support that must hold to sustain the bullish momentum.

The provided chart shows XRP/BTC's historical movements, highlighting major structural formations labeled as points A, B, C, and D. The price has previously rebounded from similar zones, suggesting a cyclical pattern in which XRP tends to rally after forming a base at lower levels. The asset formed the most recent base in late 2024, and this aligns with a recent report, which notes that XRP is establishing a strong base against Bitcoin. This repeating pattern suggests the asset could be poised for a significant move upward.

For XRP to reach the projected targets, it