Prominent crypto analyst Mickle has predicted that XRP could see a significant price surge to $44 against Bitcoin during the current bull market.
This updated forecast builds on his earlier analysis, where he anticipated parabolic gains for XRP relative to Bitcoin. Mickle’s conclusions are based on a detailed examination of the historical XRP/BTC price charts.
He observed that XRP recently formed a historically bullish bottom pattern against Bitcoin, with the XRP/BTC value dropping to 0.00000661 BTC just a few weeks ago.
This marks the fourth time in XRP’s history that the asset has reached extremely low levels against Bitcoin, followed by a significant uptrend. Historically, these low points have consistently signaled the start of a substantial price increase for XRP.
For example, in June 2014, XRP’s value against Bitcoin fell to approximately 0.00000430 BTC. By the end of that year, XRP had massively outperformed Bitcoin, rising over 20 times to 0.00009155 BTC.
A similar pattern occurred in early 2017, when XRP dropped to around 0.000005 BTC before surging approximately 45 times to over 0.000246 BTC by mid-2017.
A comparable trend also emerged during the 2020 bear market, with XRP outperforming Bitcoin a few months after hitting a bottom. With this fourth-bottom pattern now in place, analysts are speculating on XRP’s potential price movement in the current market.
Could XRP Outperform Bitcoin with a 72X Surge?
Mickle’s analysis presents a scenario where Bitcoin triggers a massive bull run, potentially reaching $150,000. With Bitcoin currently priced around $59,000, this would represent a 154% increase.
In this scenario, Mickle predicts that XRP would not only rise alongside Bitcoin but would actually outperform it. He projects that XRP could surge as high as $44, representing an extraordinary 7,257% gain from its current price of $0.598.
Mickle emphasized that these projections—$150K for Bitcoin and $44 for XRP—are realistic. For perspective, a $150K Bitcoin would equate to a market cap of around $3 trillion, while a $44 XRP would command a market cap of approximately $4.4 trillion, which challenges the likelihood of this scenario.