Market Strategist Sees XRP At $44, Beating Bitcoin with 7,204% Increase

Mickle’s analysis is based on a thorough examination of XRP’s historical price action against Bitcoin. He has identified a pattern in XRP’s price behavior, where the asset has experienced significant price increases following periods of extreme lows relative to Bitcoin. This pattern has repeated itself on several occasions in XRP’s history.

To illustrate this historical pattern, Mickle pointed to several examples. In June 2014, XRP’s price against Bitcoin dropped to 0.00000430 BTC. However, by the end of the year, XRP had outperformed Bitcoin, rallying by over 20 times to 0.00009155 BTC. Similar patterns were observed in early 2017 and during the 2020 bear market.

Mickle’s latest analysis suggests that XRP is experiencing a similar pattern, having recently reached a historically low value against Bitcoin. This low point, according to Mickle, is indicative of a potential for a substantial price increase shortly.

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XRP’s Potential Trajectory

Based on this historical analysis, Mickle has projected that XRP could reach a price of $44 against Bitcoin in the current bull market. This would represent a substantial increase of 7,204.12% from XRP’s current price of $0.6024.

However, Mickle emphasized that this prediction is contingent on Bitcoin reaching a price of $150,000. To achieve this price target, Bitcoin would need to experience a significant increase from its current price of around $61,300.

If Bitcoin reaches $150,000, its market capitalization would be approximately $3 trillion. Meanwhile, XRP needs to hit a $4.4 trillion market cap to attain $44.