Bitcoin Breakout Could Send BTC to $82K or $50K, Implications for XRP

Bitcoin's price has been stuck in a tight range between $57,000 and $66,900 since early June. This range became even wider after BTC fell below $66,000 in June and reached about $57,000 near the start of July.

The direction that Bitcoin takes next could have significant implications for XRP's price. A major move by BTC could pull XRP toward a recovery or another decline.

Two possible destinations stand out for Bitcoin's price: one path leads towards $82,000, while the other could send BTC back to $50,000. XRP may follow either direction, although its percentage move could be much larger.