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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

Crypto Analyst Predicts XRP 1,500% Move Against Bitcoin, What Are The Terms?

Scott Matherson
Scott Matherson
1 year ago
3 mins read
XRP

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Crypto analyst CryptoInsightUk has once again given his projections as to the future trajectory of the XRP price. This time, the analyst predicts that the crypto token could enjoy unprecedented against the flagship cryptocurrency, Bitcoin. However, there is a caveat for this to materialize. 

How XRP Could Gain 1500% Against Bitcoin

In a post shared on his X (formerly Twitter) platform, CryptoInsightUk said that XRP could see a move up to 1500% against Bitcoin. This, he stated, will happen if the crypto token could break and hold above the top grey box in the accompanying chart he shared. However, even if that doesn’t happen, he still expects XRP to make significant gains against Bitcoin.

XRP Price

Source: X

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He had earlier laid out another scenario where XRP makes an 88% move against Bitcoin. The crypto analyst seemed more confident in this happening as he mentioned that it looks like it is just a “matter of time” before this move-up happens. Many will, however, be hoping that the move of 1500% also actualizes at some point. 

CrytoInsightUK happens to be one of those who are very bullish on XRP’s future trajectory. The crypto analyst had previously suggested that XRP could recapture the 61,000% gain it saw back in 2017. He highlighted how the token was in a better place and had a lot of potential. He also alluded to how the token is in a “unique position” considering that it has gained legal clarity.

XRP price chart from Tradingview.com

Token price shows strength | Source: XRPUSD On Tradingview.com

Stronger Than Bitcoin

Crypto analyst Egrag Crypto recently asserted that XRP is stronger than BTC. He made this statement in relation to the fact that XRP is trading at a higher price level now, with Bitcoin currently trading at around $42,000, than when the flagship cryptocurrency was trading at this same level two years ago. XRP is said to be trading at 0.00000637 BTC back then.

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According to Egrag, XRP’s 129% gain against Bitcoin highlights the former’s strength. It also cements “XRP’s dominance” in the market cycle. Meanwhile, the crypto analyst once again called for patience from the XRP community as he says that XRP hitting between $1.3 and $1.5 is on the horizon. 

The bullish price predictions keep flowing in as the bull market draws near. Patrick Riley, the founder of Reaper Financial, also recently stated that XRP will hit $22 at the peak of the next bull run. Interestingly, he even went on to assert that the crypto token will surpass Bitcoin at some point. 

At the time of writing, XRP is trading at around $0.61, up almost 1% in the last 24 hours, according to data from CoinMarketCap. 

Featured image from Quora, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Read more

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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