In simple terms, the price of XRP is close to reaching a 100% increase, which could push it up to $1.5. Over the last day, XRP increased by 5.1% and is now trading at $0.6054. Bitcoin’s price has increased by over $10,000, reaching $89,561. Many people think that Bitcoin reaching $90,000 could help XRP’s price go up too.
A tool that measures how well different cryptocurrencies are doing showed that when Bitcoin goes up, XRP usually goes up too. The chance of XRP going up is even higher now than it was a few months ago. If Bitcoin continues to do well and reaches $90,000, it could help other cryptocurrencies, like XRP, go up too.
Some people think that XRP’s price could increase a lot if it can break through a resistance level. Right now, XRP’s price is near that level. If it goes above it, it could show that the price is starting to go up. There are also signs that people are hopeful about XRP’s price going up, like more people buying it and more money being spent on it.
In short, if Bitcoin continues to do well and reach $90,000, it could help XRP’s price increase up to $1.5.