- CrediBULL predicts an XRP rally if Bitcoin’s current support holds.
- The analyst highlighted the developing XRP out-performance of Bitcoin in current situations.
- According to CrediBULL, Bitcoin would remain bullish even if the price dropped to $53,000.
According to the cryptocurrency analyst identified as CrediBULL Crypto on X, the recent BTC price drop could trigger an XRP rally, depending on how the Bitcoin trend develops. In a recent post, CrediBULL noted that the XRP/BTC pair is back in a support zone. He believes the situation supports the idea of XRP out-performance if BTC can hold the current support.
And, assuming $BTC does hold here, $XRP looks primed to make a nice move to the upside. Also back in our support zone on XRP/BTC which supports the idea of $XRP outperformance if $BTC can hold here. https://t.co/6EqbhIfgGv pic.twitter.com/jnq6Cnxyif— CrediBULL Crypto (@CredibleCrypto) April 2, 2024
In his analysis, CrediBULL used a BTC/USD 4-hour chart to show how the flagship crypto tested the support zone near $66,000 before reclaiming the $67,000 price level. He identified two support zones, with the lower support zone reflecting a more crucial r…
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