XRP News Today: XRP Eyes $10 If Bitcoin Hits $150K and XRP/BTC Ratio Reaches 0.00006666

XRP’s potential price surge to $10 has re-entered market discussions, with analysts suggesting it could occur if Bitcoin reaches $150,000 in the current cycle. The key metric under scrutiny is the XRP/BTC ratio, which would need to return to the 0.00006666 level observed during the 2017–2018 bull run for XRP to hit that price point. During that period, XRP saw a 15x increase, rising from $0.22 to nearly $3.30 within four weeks. If the same ratio applies today, a $10 XRP price becomes a plausible target [1].

However, current market conditions show XRP underperforming Bitcoin. As of the latest data, Bitcoin is trading at $115,244.81 with a 1.15% seven-day decline, while XRP has dropped nearly 8% in the same period [1]. This volatility highlights the asset’s sensitivity to broader market trends and the influence of Bitcoin’s performance. Both cryptocurrencies reached peaks on July 28 but have since retreated, underscoring the ongoing uncertainty in the crypto space.

The historical precedent suggests that when Bitcoin enters a mania phase, altcoins like XRP often see outsized gains. Traders are advised to monitor the XRP/BTC ratio closely, as it may serve as an early indicator of a potential breakout. If XRP reaches $10, analysts recommend locking in profits at that level, as past cycles have shown a tendency for corrections to follow after such milestones [1]. Investors may choose to retain a portion of their holdings to benefit from any subsequent upside, mirroring strategies used in the 2017–2018 cycle.

The feasibility of the $10 target hinges on Bitcoin’s ability to climb toward $150,000 and for XRP to maintain a strong relative performance. While the scenario is not guaranteed, it remains within the realm of possibility, particularly given the market’s cyclical nature and XRP’s historical behavior during Bitcoin’s peak phases [1]. Analysts caution, however, that market conditions and investor sentiment can shift rapidly, and past performance does not always predict future results.

Source: [1] XRP Eyes $10 Price Target If Bitcoin Hits $150K as XRP/BTC Ratio Returns to 2017–2018 Levels (https://cryptonewsland.com/xrp-eyes-10-price-target-if-bitcoin-hits-150/)