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XRP’s push to $2 by November is at a critical juncture, with analysts pointing to Bitcoin’s support as the deciding factor. If the rally sustains, XRP may not only hit $2 but also pave the way for double-digit gains.
XRP’s Path to $2: Analysts Highlight Key Predictions
Mikybull Crypto forecasted that XRP might reach $2 this week in an X post, saying that the price is looking so excellent at its current position. CrediBULL Crypto has also predicted that XRP would reach $2 by the end of the month, though they cautioned that this prediction could be influenced by Bitcoin's price trend, Coingape shares
Bitcoin and XRP, according to the crypto analyst's X article, are currently trading at a critical juncture. If the latter is in a position to prolong this rally's 5th wave and stay over $2 without a major correction, he said, it should be bottoming out inside its present range.
There is a good probability that the XRP price will rise beyond $1.10 and the extended 5th wave will occur if the Bitcoin price maintains 94,000, according to CrediBULL Crypto. Nevertheless, the first significant Wave 1 from $0.48 to $1.62 will be confirmed if Bitcoin breaks below $1.10.
Bitcoin’s Influence on XRP’s November Rally
Due to today's decline in the price of Bitcoin, CrediBULL Crypto has concluded that the $2 XRP rally scheduled for the end of the month may not materialize. Note that the crypto analyst did suggest that XRP might continue to benefit from this surge if Bitcoin can maintain its current price level of $94,000 and trade around there for a while.
Crypto expert Egrag Crypto predicted in an X post that a $2 XRP price surge may set the stage for XRP to reach double digits. He made this announcement at the same time when the Fib channel 0.236 exactly aligns at $2.
Egrag Crypto’s Double-Digit XRP Price Forecast
The crypto expert made the observation that XRP will soon surpass this crucial level with the correct news and catalysts, and that the actual fear of missing out (FOMO) will begin at $2. According to Egrag Crypto, the XRP price will approach double digits once it reaches the Fib 0.5 level. According to his research, the cryptocurrency had previously risen to at least 0.702, surpassing this Fib level.
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