XRP will rally if Bitcoin maintains current support at around $66,000 – Analyst – TradingView News

Core items:

• CrediBULL predicts an XRP rally if Bitcoin’s current support holds.
• The analyst highlighted XRP’s evolving outperformance over Bitcoin in the current situation.
• According to CrediBULL, Bitcoin would remain bullish even if the price fell to $53,000.

According to cryptocurrency analyst CrediBULL Crypto on X, the recent BTC price drop could trigger an XRP rally depending on how Bitcoin trends. In a recent post, CrediBULL noted that the XRP/BTC pair is back in a support zone. He believes that the situation supports the idea of ​​XRP outperforming if BTC can hold the current support.

In its analysis, CrediBULL used a 4-hour chart of BTC/USD to show how the flagship cryptocurrency 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 important region, falling below which could cause Bitcoin to fall lower.

CrediBULL explained that Bitcoin simply tested the two logical support levels in the recent decline. Therefore, there is no clear decision about the further direction of the pioneer cryptocurrency.

In a previous post, CrediBULL published a video analysis of Bitcoin price and stated that the most pessimistic situation under the current circumstances could see Bitcoin fall below $69,000. While he doesn't expect BTC to fall much lower, he noted that a test of $53,000 would still represent an uptrend.

Meanwhile, the analyst used Bitcoin price behavior to predict the possible outcome for XRP. CrediBULL showed that XRP tested the support at $0.5846 after the recent BTC price decline. It showed that the decline also pushed XRP into an important support area from which a rebound is possible.

The renowned expert believes that XRP will resist falling below this level and initiate a reversal that could lead to a recovery to higher levels. From its chart representation, CrediBULL believes that the altcoin could rise towards $0.7400 if the trend reverses. According to data from TradingView, XRP was trading for $0.6002 at the time of writing.

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