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XRP Will Rally If Bitcoin Maintains The Current Support Around $66K – Analyst

Published 04/02/2024, 06:04 PM
Updated 04/02/2024, 06:15 PM
© Reuters.  XRP Will Rally If Bitcoin Maintains The Current Support Around $66K – Analyst
BTC/USD
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XRP/USD
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  • 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.

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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