Bitcoin Strength Boosts XRP Price Forecast to $1.80
XRP's price has been on a rollercoaster ride, trading at $1.50 on Thursday after a 4.5% decline over 24 hours and a 15.6% increase over the past week.
A technical analyst who previously predicted XRP would fall to between $0.70 and $0.90 has revised his forecast following Bitcoin's recent strength.
The analyst cited Bitcoin's price action as the primary reason for the revised view, pointing out that Bitcoin has held above its 50-week moving average for three to four weeks and recently broke past its previous high from May.
If Bitcoin reclaims $85,000 and advances toward $93,000, XRP could push toward $1.80, with a daily close above $1.59 to $1.60 supporting this scenario.