XRP Price Dips Amid Correction as Analyst Predicts Massive Breakout
Ripple's XRP token price is currently trading around $1.10, down 2.5% in the ongoing market correction.
However, analyst Celal Kucuker believes that the token is poised for a massive breakout against Bitcoin (BTC) on the XRP/BTC chart.
Kucuker points out that the red descending channel containing XRP's performance against BTC is close to breaking, and when it does, he expects Ripple to outperform Bitcoin by 10x from current levels.
The analyst notes that this breakout could send XRP above $12 by the time Bitcoin prints a new all-time high.